Dal Mills, Flour Mills, Suji Mills, Oil Mills, Rice Mills and other Food and Agro Processing unit.
Working Capital Finance/Term Loan/Non Fund Based Limit
Classification of Advance:
Micro, Small and Medium Enterprises
one year for Working Capital and 7 years for Term Loan
Quantum of Finance:
Asset Coverage Ratio:
1.33 (In case of account with CGTMSE coverage it will be 1.25)
Rate of Interest:
- For Fund Based Working Capital and Term Loan up-to Rs.100Lac = MCLR+0.50%
- Loan above Rs.100 lac: ROI will depend upon extent of collateral security.
i. Where the collateral security coverage is more than 100%: MCLR + 50 Bps.( Irrespective of Rating)
ii. Where the collateral security coverage is between 75% to 100%, the following rates are to be charged: Interest will be in the range of @10.75% to 12.00% based on rating
iii. Where the collateral security coverage is between 50% to 75%, Interest will be in the range of @11.25% to 12.50% based on rating
- Tenor premium for Term Loan up-to 3 years: 0.25% & above 3 years: 0.50%.
Facilities can be sanctioned to the units taken on lease basis
Loan Limit Up to Rs.1 crore: Collateral Security by way of EM of immovable property having 50% of the limit sanctioned
Loan Limit above Rs.1 crore: Collateral Security by way of EM of immovable property having market value not less than 50% of the limit sanctioned