IND SME Secure
IND SME Secure
| IND-SME Secure | ||||||||||||
| S.No | Particulars | Guidelines | ||||||||||
| 1. | Target Group | All Micro, Small & Medium Enterprises (MSME) with Udyam Registration Certificate | ||||||||||
| 2. | Eligibility | Both Existing and New units
Finance can be extended to new units (Green-field) subject to the availability of 100% security in the form of immovable property / liquid security. |
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| 3. | Purpose | Working Capital Requirements, Purchase of Fixed Assets, Construction of Building etc. | ||||||||||
| 4. | Types of Facility | 4.1 Fund Based: OCC / EPC / Term Loan / Secured OD / IBN / FBN
/ FBP 4.2 Non-Fund Based: LC / BG |
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| 5. | Loan Amount | 5.1 Minimum Loan Amount: Above Rs.10.00 Lakhs
5.2 Maximum Loan Amount: No Ceiling (For Secured Overdraft, maximum loan amount is Rs.2.00 Cr per Borrower) |
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| 6. | Margin (Promoter’s contribution) |
In case of extending loan to purchase of Factory / Industrial land alone & construction is at later stage, minimum margin of 50% to be ensured. Loans for purchase of other land not permitted. |
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| 7. | Security | Primary Security:
Collateral Security:
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| 8. | Repayment terms (TL) |
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| 9. | Rate of Interest | ROI ranging from 8.45% to 13.80% | ||||||||||
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