MSME Schemes

Pradhan Mantri MUDRA Yojana (PMMY)

Maha MSME Project Loan Scheme

  • Term loan facility for establishment of various kinds of projects
  • Primary security of assets purchased/created
  • No collateral security for loans up to Rs. 2.00 crore [CGTMSE Cover]
  • Minimum 25% margin
  • Repayment period up to 10 years including moratorium period of maximum 2 years.
  • Incentive by way of reduction in rate of interest if collateral security is provided

Maha MSME Machinery/Equipment Scheme

  • Term loan facility for purchase of machinery & equipments; Maximum Rs.20.00 Crore
  • Primary security of assets purchased/created
  • Collateral security for exposure upto Rs.1.00 Crore is not mandatory
  • Minimum 25% margin
  • Repayment period up to 7 years including moratorium period
  • Incentive by way of reduction in rate of interest if collateral security is provided

Maha MSME Cash Credit Scheme

  • Cash credit facility for working capital purpose
  • Primary security of current assets [Inventory & Receivables up to 180 days]
  • Minimum 25% margin
  • Incentive by way of reduction in rate of interest depending on the value of collateral security offered

Maha MSE Collateral Free Term Loan Scheme

  • Term loan facility for business purpose; Maximum Rs.1.00 crore
  • Security: Assets of the borrower as per definition of CGTMSE
  • No collateral security [Mandatory CGTMSE cover]
  • Minimum 25% margin
  • Repayment period upto 7 years including moratorium period

Maha MSE Collateral Free Cash Credit Scheme

  • Cash credit facility for working capital purpose; Maximum Rs.1.00 Crore
  • Security: Assets of the borrower as per definition of CGTMSE
  • No collateral security [Mandatory CGTMSE cover]
  • Minimum 25% margin

MAHABANK VEHICLE LOAN SCHEME FOR SMALL ROAD TRANSPORT OPERATOR

  • For term loan, purchase of commercial vehicles, Loan quantum up to Rs.2.00 Crore
  • Security: Hypothecation of vehicle purchased
  • No collateral security for loans up to Rs. 2.00 crore [CGTMSE Cover]
  • Minimum 15% margin
  • Repayment period up to 7 years including moratorium period

MAHABANK LOAN SCHEME FOR DOCTORS, CHARTERED ACCOUNTANTS, ENGINEERS & ARCHITECT

  • Composite loan limit up to Rs.5.00 crore for Doctors
  • Composite loan limit up to Rs.2.00 crore for CA, Engineers & Architect
  • Security of assets purchased/created out of bank finance
  • No collateral security for loans up to Rs. 2.00 crore [CGTMSE cover]
  • Margin: 15% to 25%
  • Repayment period up to 7 years including moratorium period
  • For doctors: To purchase/construction of building, maximum repayment period [including moratorium period] up to 12 years can be considered

Maha LAP – Mortgage Loan

  • Term Loan or Drop line OD Facility for buildup of current assets and fixed assets needed for business purpose, capacity expansion, modernization, short term working capital (Including shoring up of NWC etc.) to traders, manufacturers, businessmen and professionals engaged in trading, manufacturing or rendering services activity
  • Quantum: Min. Rs.0.10 crore; Max.Rs.10.00 crore
  • Security: SARFAESI compliant immovable property
  • Margin 50% on the Realizable Value of the property
  • Repayment period upto Max. 7 Years
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