AD HOC Line of Credit COVID -19-Revised

Eligibility

All Standard Accounts including SMA 0 and SMA 1 accounts as on date of sanction irrespective of internal rating (Accounts in SMA 2 are not eligible).

Purpose

Nature of Facility

Quantum of Finance

• Maximum 10% of fund based working capital limits. maximum cap is up to Rs.50.00 Crore.
• The above facility will be in addition to the Assessed Bank Finance.
• 10% of sanctioned ADHOC Line of Credit COVID-19 may be sanctioned on clean basis for payment of operating expenses on case to case basis.

Revised Tenure

Revised Moratorium

• Fee : Nil
• Documentation Charges : To be recovered one time as part of Total Limits.

• Scheme will be in force up to 30/06/2020.
• Further the scheme may be extended up to 30/09/2020, depending upon the regulatory guidelines.