- Acknowledgement for receipt of loan application by Branch
- Simple Loan Application Form as per Kapur Committee recommendations introduced
- Tie Norms for disposal of loan applications
a. |
Upto Rs. 25000/- |
2 weeks |
b. |
Over Rs. 25000/- upto Rs.5 lacs |
4 weeks |
c. |
Over Rs. 5 lacs |
8-9 weeks |
- Loan Quantum: For working capital, a minimum 20% of the projected Annual Sales Turnover (Nayak Committee Norms)
- No collateral security for advances upto Rs. 5 lacs
- No collateral security for advances upto Rs. 5 lacs and upto Rs. 15 lacs based on a good track record and financial position
- For loans sanctioned without collateral security/third party guarantee, for advances between Rs. 5 lacs and Rs. 25 lacs, guarantee is available under the Credit Guarantee Fund Trust Scheme for SSI (CGTS). For obtention of guarantee, a Guarantee Fee of 2.5% of the credit facility sanctioned for a period of 5 years and Annual Service Fee @ 1% of outstanding amount as on 31st March every year is payable in advance
- Composite loan upto Rs. 25 lacs
- For setting up new project/expansion/modernization/technology upgradation/ diversification/rehabilitation of viable units which fulfill specified eligibility criteria, soft loan upto 25% is available from SIDBI under National Equity Fund Scheme for Project Cost not exceeding Rs. 25 lacs (including proposed expansion/modernization/rehabilitation). Promoter's contribution, 10%. No interest on the soft loan portion, but only a Service Charge (up front) of 5% p.a. on the soft loan portion.
- Viable Rural Industries are financed under KVIC REGP Scheme for project upto Rs. 25 lacs. Borrowers contribution is to be 10% and Margin Money is available at 25% of project cost upto Rs. 10.00 lacs and 10% for the remaining
- Central's Laghu Udhyami Credit Card (CLUCC) is provided to existing units with a good track record for last 3 years to facilitate hassle free financial support upto Rs. 2 lacs under Village Industries/SSI units, Retail Traders, Professional Self Employed and Business units
- Central's Artisan Credit Card (CACC) is issued to cater to investments as well as working capital needs of all artisans fulfilling eligibility criteria upto Rs. 2 lacs.
|
