AFFIDAVIT CUM INDEMNITY

To:

Axis Bank Ltd,

Mall Road,
Ludhiana.

Dear Sir,

We refer to RBI’s Circular ref no: FIDD.CO.MSME.BC.No.14/06.02.031/2018-19 dated February 21, 2019 on
Interest Subvention Scheme for MSMEs and SIDBI Circular ref no: SIDBI/IFV No.
1/04042019/OUT/00733/2019-2020 dated April 4, 2019 on Interest Subvention Scheme for Incremental Credit
to Micro, Small and Medium Enterprises [MSMEs], 2018 (herein after referred to as ‘Scheme’) and credit
facilities sanctioned to us vide Axis Bank Ltd. sanction letter ref. no. AxisB/SME/Centre/LDH/SL/2020-21/221
dated 05-10-2020.

In terms of the above mentioned RBI and SIDBI circular we hereby undertake and declare as under:

1. We are having the following Bank Borrowings with other Banks:

Bank Name Branch Address Type of facility Loan Amount

(Rs. in Lakhs)

2. We are an MSME (Micro/Small/Medium) Enterprise engaged in Manufacturing/ Service & eligible for
Interest Subvention benefit under the Scheme.

3. We are not availing any benefit under Interest Equalisation Scheme on Pre and Post Shipment Rupee
Export Credit of Department of Commerce introduced vide RBI Circular ref no:
DBR.Dir.BC.No.62/04.02.001/2015-16 dated December 4, 2015.
 4. We are not availing interest subvention under any of the Schemes of the State / Central Government.

5. We are not availing Interest subvention benefit in respect of credit facilities (in aggregate) availed from
Banks in excess of threshold limit of Rs. 100.0 lakhs as per the Scheme guidelines. In case of total
eligible borrowings exceeds Rs. 100.0 lakhs, we shall inform the Bank accordingly and will advise the
Bank not to claim Interest Subvention benefit under the Scheme on our behalf.

We declare that the above information/declarations are correct and undertake to indemnify the Bank, if
any of the information/declaration is false/incorrect which may result in the Bank filing an incorrect
claim under the Scheme on our behalf.

We undertake to keep the Bank informed in advance if we are availing Interest Equalisation/ Interest Subvention
benefit under any of the Schemes of the State / Central Government and authorise the Bank to debit our account
towards refund of Interest subvention benefit availed with applicable Interest on account of non-compliance of
provisions of the scheme.

Yours faithfully,

For MELI MAL WALAITI RAM TRADERS PVT LTD

Authorised Signatory.

Place: LUDHIANA
Date: