STATE BANK OF BIKENER AND JAIPUR

Charter for Small Scale Industries

• Simple loan application forms introduced
• Acknowledgements for receipt of loan application by branch
• Time 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



• No collateral security for advances upto Rs. 5 lacs
• No collateral security for existing borrowers over Rs, 5 lacs and upto Rs. 15 lacs based on good track record and financial position
• For Loans sanctioned without collateral security/third party guarantee for advances between Rs. 5 lacs and Rs. 25 lac, guarantee cover is available under Credit Guarantee Scheme floated by CGTSI for SSI, for which fees will require to be borne by the borrower.
• Composite laon upto Rs. 25 lacs is sanctioned to SSI units
• Loan quantum : Minimum 20% of projected annual sales turnover
• Margin (Stake of Borrowers)
  

  Upto Rs. 25000	Nil
  Between Rs. 25000 and Rs. 5 lacs	20%
  Over Rs. 5 lacs	25%



• Under Stree Shakti Package (Scheme for women) margins are reduced by 5% and interest reduced by 0.5% in respect of loans above Rs. 2 lacs
• Laghu Udhyami Credit Card : Hassle free credit upto Rs. 5 lacs based on scoring model and simplified application form
• Special contingency loan @ 20% of original limit, maximum Rs. 2 lacs, to meet the unforeseen requirements of SSI units.