(FUNDING UNDER CGMSE) |
| Sr. No. |
Field |
Content |
1 |
Eligible Segments |
- Should be a Micro/ Small Enterprise (manufacturing/ services) as defined under MSMED Act and by RBI.
- Should not appear in the defaulters list of RBI, ECGC, CIBIL etc.
|
2 |
Purpose / Facility |
- Fund Based: Working Capital & Term Finance for capex/ takeover of existing loans.
- Non-Fund based limit viz., Bank Guarantee (BG) and Letter of Credit (LC).
|
3 |
Loan Amount |
- Minimum: No minimum amount
- Maximum: Rs. 1 crore.
|
4 |
Tenor |
- Cash Credit: 12 months.
- Term Loan: Max 5 years.
- Bill Discounting: Max 90 days for inland; Max 180 days for foreign bills.
- Letter of Credit: Max 90 days for inland; Max 180 days for foreign LCs.
- Bank Guarantee: Not to exceed 12 months.
|
5 |
Pricing |
- Interest Rate linked to Base Rate.
|
6 |
Security |
- Primary: Exclusive charge on current and fixed assets.
(Primary security is the asset created out of the credit facility extended to the borrower and / or which are directly associated with the business / project of the borrower for which the credit facility has been extended)
- Personal Guarantee of promoters.
- No Collateral / Third party guarantee
|
