COLLATERAL FREE LOANS FOR MSE UNDER CGTMSE COVERAGE

Purpose To provide CC limit (FB+NFB) & Term loans to new and existing Micro
and Small Enterprises engaged in Manufacturing and Service sector
under CGTMSE coverage.

Eligibility New and existing Micro and Small Enterprises engaged in Manufacturing
and Service sector.

However, retail/ wholesale trade, educational institutions, training

institutions and SHGs are not eligible.

Loan Amount Maximum up to Rs. 100.00 lacs.

Assessment WC: 20% of the projected turnover for Mfg. enterprises & 15% of the
projected turnover for service enterprises

TL: 75% of project cost for Mfg. as well as Service enterprise.

Processing charges 50% of Card rate

Type of Security Primary: Assets created out of the credit facility so extended.

Collateral:- Nil

Repayment Period Term Loan: Max. 7 years including moratorium period of 6 months to 1
year.

Cash Credit : On Demand

Guarantee Fee & The bank bears the cost of Guarantee fee and Annual service fee for
Annual Service Fee loans upto Rs. 50 lacs.