• Small & Medium Size Enterprises

Bank has special focus for extending credit facilities to Small and Medium Size Enterprises. Bank has customized solutions for Small Business Enterprises, Small Scale Industries and Medium Scale Industries. Credit Facilities are offered in the nature of Term Loans for establishment of new industries, acquisition of machineries, technology up-gradation, or execution of ad-hoc orders or for expansion, modernization or diversification programs. Finance offered will be in the form of Fund base as well as non fund base facilities as per the requirements of the Business. Working Capital Term Loan requests are considered for viable small and medium size enterprises requiring infusion of fresh funds by way of one time core working capital assistance.
 

• Purpose

• For establishment \ modernization \ up-gradation of Fixed Assets
• Setting up Office, Renovation of the premises
• Purchase of vehicles, etc.
• Working Capital Limits
• Export Finance and Guarantee Limits.
 

• Eligibility

• Individuals/Partnership Firms /Companies.
• Experience / qualification in the proposed line of activity .
 

• Loan Amount

• As per the project requirement
• Working Capital as per project requirements
• Maximum period up to 84 months.
• Maximum moratorium 6 months.
• Working Capital for one year on renewable basis.
 

• Margin Requirements

• Minimum of 25 % and project assessment. Security
• Mortgage / Hypothecation of Asset financed.
 

• Processing Fees

• 1% of the sanctioned amount ( Minimum - Rs. 1000 )