Mahabank Textile Cluster Scheme

Parameter

Scheme Description

Eligibility

Individuals, Proprietorship, Partnership Firm, LLPs, Private Limited and Limited companies eligible to be classified as MSME for

• Setting up of Powerloom unit, Saree Manufacturing Unit, Spinning Mills Unit, Knitwear unit, Textile Printing Unit.
• Manufacturing and trading of Yarn (Cotton, Synthetic silk, processing of yarn i.e. Warping, Twisting, Texturizing, etc. and manufacturing of Thread, Net, Tapes etc.)
• Manufacturing and trading of Fabrics (All Clothes, Shawls, Blanket, Suiting and Shirting’s, Curtains, Knitted Fabric, Synthetics Silk etc.)
• Manufacturing and trading of Jari used in Fabric (Metalizing, Cutting etc.)
• Processing of fabric (Dyeing, Printing, Finishing, Embroidery, other value additions on fabrics etc.)

Manufacturing and processing of sarees, dress materials, garments, apparels, etc.

Purpose

Domestic as well as Export Credit purpose:

1. For meeting working capital requirement.
2. For Capital Expenditure / purchase of equipment / machinery.

Nature of Facility

Fund Based as well as Non fund based.

Quantum of Finance

Minimum above Rs. 0.25 crore.

Maximum upto Rs. 100.00 crores.

Margin

• For Domestic facility: Minimum 20% is applicable.
• For Export Credit facility:
  i) Pre shipment/PC is 10%.
  ii) Post shipment/ FOBN is Nil.

Rate of Interest

RLLR linked,

• Concessional RoI starts from 8.50%.
• Incentive by way of RoI reduction if collateral provided.

CGTMSE

CGTMSE cover available for loan amount of upto Rs. 5 Crores.

Security

Primary: Hypothecation/Mortgage of asset created out of bank finance, receivables etc.

Guarantee: No third-party guarantee, if the advance covered under CGTMSE.

Processing charge

Working Capital- 0.25% of the sanctioned limit.

Term Loan- 0.40% of the sanctioned limit.

CMR for New/ Fresh borrower

CMR 1 to CMR 5

Concession in commission on LC & BG