• To finance working capital and/or capital expenditure requirement for businesses involved in trading, manufacturing/production/processing, service.

• “Small and Medium Enterprises” means any industries/business/trading units having paid-up capital up to Rs. 100.00 lacs including Micro and Cottage Industries.For existing (operating units):
  • Registered in concerning government authorities/municipality / rural municipality
  • Minimum 2 years of profitable operation, cash profit can also be considered

  For Start-Up business:

  • Start-up businesses with the existence of less than 1 year
  • Registered in concerning government authorities/municipality / rural municipality
  • Minimum 2 years of experience in the similar business of proprietor/ partners/ directors or key persons

• Working Capital Loan by way of OD/STDL/DL/TR/LC/BG
• Term Loan for capital expenditure

• For Working Capital:

Hypothecation of stocks, debtors, assignment of current assets, bills and receivables of the business.

• For Term Loan:

Hypothecation of Fixed Assets financed

• For NFB facilities:

Reasonable Cash margin to be sought

Collateral Security:

For existing unit: Immovable Property (land and building) covering 125% of loan amount under branch power

For start up business: Immovable Property (land and building) covering 150% of loan amount under branch power

• Working Capital – 1 year revolving, renew subject to satisfactory conduct
• TL – Upto 10 years

• Comprehensive policy as per banks’ clause.