Azadi ka Amrit Mahatsav

Maha Swagatam Scheme (Scheme Highlights)

Key Features of Maha-Swagatam Campaign

1Target :New MSME borrower including takeover
2Quantum : Minimum Rs. 0.25 Crore, Maximum Rs. 50.00 Crore
3Nature of Facility :Term Loan, Cash Credit, Letter of Credit, Bank Guarantee
4Rate of Interest :9.15 % per Annum onwards
5Processing Fee :Discount up to 100%
6BG/LC Commission :Discount of 50%
7Collateral :50 % in case of CMR 1 & 2 and 60% in case of CMR 3 & 4
However, if more than one facility is sanctioned and any of the facility is primarily/collaterally secured by mortgage of immovable property (SARFAESI compliant) with realizable value of 135% of the total exposure, additional collateral security should not be insisted.
8Relaxation :Leniency in Benchmark Ratio for takeover cases
a) Current Ratio 1.15:1 instead of 1.25:1
b) TOL/TNW 4.5:1 instead of 4:1
9Validity :31.03.2023

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