| Eligibility |
- MSME Units engaged in Trading / Services / Manufacturing Activity irrespective of constitution.
- The MSME Unit / Borrower should have requisite registration under GST Act i.e., Provisional Registration (GST REG-25) or FinalRegistration (GST REG-06).
- The MSME Unit / Borrower should have valid GST returns i.e. GSTR-1 (Regular) for minimum latest 3 months / GSTR-4 (Composition) for Latest Quarter.
- Requirement of filings as under-
| GSTR-1(Regular) or GSTR-4(Composition) |
| For latest 3 months |
Forlatest quarter |
- The borrower shall have all the statutory approvals / NOCs from respective departments in place.
-
- The internal credit rating of the MSME Unit / Borrower should be BBB and above
- The facility under the scheme is available only under Sole Banking.
- Theexisting MSME borrowers of our Bank can switch over under this scheme subject to fulfilling the eligibility criteria as specified above.
|
| Purpose |
To fund need based working capital requirement for Trading / Services / Manufacturing activity |
| Nature of Facility |
Working Capital (Fund & Non fund based) |
| Quantum of Finance |
Minimum Rs.10 Lakhs Maximum Rs.300 Lakhs |
| Margin |
25% of paid stock & receivables |
| Rate of Interest |
For Advances upto Rs.25.00 lakh: 1 Year MCLR(8.75%)+0.75%+BSS(0.25%) i.e.,9.75% p.a. at present
For Advances above Rs.25.00 lakh:
| Internal CRR |
Applicable ROI |
| AAA |
1 Year MCLR (8.75%) +0.75%+BSS (0.25%) i.e.,9.75% p.a. at present |
| AA |
1 Year MCLR(8.75%)+1.00%+BSS(0.25%) i.e.,10.00% p.a. at present |
| A |
1 Year MCLR(8.75%)+1.25%+BSS(0.25%) i.e.,10.25% p.a. at present |
| BBB |
1 Year MCLR(8.75%)+1.50%+BSS(0.25%) i.e.,10.50% p.a. at present |
|
| Fees & Charges |
Processing Fee :
For Working Capital : Upto Rs.1.00 Crore 0.50% (Min.Rs.1000/-) + GST Above Rs.1.00 Crore 0.35% (Min. Rs.0.50 Lakh) + GST
For Term Loan : 1% of Sanctioned Amount + GST
Supervision/Inspection Charges : Rs.10.00 lakh to Rs.1.00 crore: 0.25% p.a. + GST (Max. Rs. 5000/-) Above Rs.1.00 crore: Flat Rs.12000/- p.a. + Cost of Visit + GST
Documentation Charges : 0.20% of Sanctioned Amount + GST (Max. Rs.25000/-)
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