Mahabank Scheme for Contractors
- Civil Contractors, Mining Contractors, Engineering Contractors, Transport Contractors, Electrical Contractors, Road Contractors, Irrigation Contractors, Pipeline Contractors etc established as Proprietorship / Partnership firms / Limited Companies
- Individuals, Proprietorship, Partnership Firm and limited companies eligible to be classified as MSME under the MSMED Act, 2006 with Credit Rating
(Internal/External as applicable) of BBB and above
- MSME Units engaged in the business line at least for the last 3 years
- Having Audited Financial Statements for last 2 years
- Profit making for last 3 years
- CIBIL Score as under
- For Individuals viz., partners and proprietor 700 and above
- For Commercial Report CIBIL MSME Rank (CMR) CMR 1 to CMR 5
- Cash Credit, FLC/ILC & BG facility for meeting working capital requirement
- Term Loan for purchase of equipment/machinery/vehicle.
Nature of Facility
Fund Based: Term Loan & Cash Credit
Non Fund based:: FLC/ILC, Bank Guarantee, Deferred Payment Guarantee
Minimum Rs.10 Lakhs Maximum Rs. 10.00 Crore
- Micro & Small Enterprises: Minimum 20% upfront
- Medium Enterprise: Minimum 25% upfront
- Incentive by way of ROI reduction if collateral is provided.
- CGTMSE cover available for loan upto Rs. 2 crore.
Fees & Charges
As per extant service charges guidelines