Maha Swagatam Scheme (Scheme Highlights)
Key Features of Maha-Swagatam Campaign
1 | Target : | New MSME borrower including takeover |
2 | Quantum : | Minimum Rs. 0.25 Crore, Maximum Rs. 50.00 Crore |
3 | Nature of Facility : | Term Loan, Cash Credit, Letter of Credit, Bank Guarantee |
4 | Rate of Interest : | 9.40 % per Annum onwards |
5 | Processing Fee : | Discount up to 100% |
6 | BG/LC Commission : | Discount of 50% |
7 | Collateral : | 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. |
8 | Relaxation : | 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 |
9 | Validity : | 30.06.2024 |
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