Small Scale Industries - Financing

  • Simple loan application as per Kapoor Committee recommendations introduced
  • Acknowledgements for receipt of loan application by branch by affixing date stamp
  • Time Norms for disposal of loan applications


    Upto Rs. 25000

    2 weeks


    Over Rs. 25000 & upto Rs. 5.00 lacs

    4 weeks


    Over Rs. 5.00 lacs

    8-9 weeks

  • Under Stree Shakti Package (Scheme for women) at lower margins (reduced by 5% and interest (reduced by 0.5%) in respect of loan above Rs. 2.00 lacs
  • Laghu Udyami Credit Card : Hassle free credit upto Rs. 10.00 lacs with a good track record of 2 years.
  • SME CREDIT PLUS additional limit @ 20% of original limit, to meet the unforeseen requirements of SSIs is sanctioned which can be availed 12 times in a year
  • SME SMART SCORE: The scheme is based on scoring model & simplified process to reduce the delay in sanctioning process
  • General Purpose Term Loan is sanctioned upto Rs. 50.00 lakh based on Good Track Record for shoring up of NWC. Capital expenditure, substitution of high cost debt, etc.
  • Composite loan upto Rs. 50.00 lakhs is sanctioned to SSAI units
  • Working Capital Finance: Minimum 20% of projected annual sales turnover based on Nayak Committee recommendation
  • Lower rate of interest to conventional industries such as Rice Mills, Dal Mills & Cotton Grinding Mills
  • No collateral security for advances upto Rs. 5.00 lakhs
  • No Collateral for advances over Rs. 5.00 lakhs and upto Rs. 25.00 lakhs based on good track record and financial position
  • For loans sanctioned without collateral security/third party guarantee for advances upto Rs. 25.00 lakhs guarantee is available under Credit Guarantee Fund Trust Scheme for SSI (CGTSI).