Simplified application for credit facilities to SSI units are available at all our branches
Acknowledgements are issued to SSI units immediately on receipt of loan application by branches
SSI loan applications/credit proposals are disposed of within the stipulated Time Norms from the date of receipt of application completed in all respects.
a.
Upto Rs. 25000/-
2 weeks
b.
Over Rs. 25000/- & upto Rs. 5 lacs
4 weeks
c.
Over Rs/ 5 lacs-
8 to 9 weeks
Margin:
Upto Rs. 25000/-
Nil
Over Rs. 25000/-
15% to 25% as determined by Bank
Rate of interest:
For Working Capital
Upto Rs. 25000/-
10%
Above 25000/- upto 2 lacs
11%
Above 2 lacs upto 5 lacs
12%
Above 5 lacs upto 25 lacs
12.5%
Above 25 lacs
Not to exceed 2% above PLR
Collateral-free loans upto Rs. 5 lacs
Collateral-free loans over Rs. 5 lacs & upto 15 lacs based on good track record and financial position of the borrowing unit
Contingency finance under "STAND BY LINE OF CREDIT" - fund based limits upto Rs. 50 lacs and Non-fund based limits upto Rs. 25 lacs
Composite Loans under Single Window Concept of RBI upto Rs. 50 lacs
Loans under Margin Money Scheme of Khadi & Village Industries Commission under their Rural employment Generation Programme (REGP) for setting up industrial/service units in Rural/Semi Urbanareas focusing on employment generation.
Equity type Soft Loans under National Equity Fund (NEF)/Mahila Udyam Nidhi(MUN) Schemes of SIDBI.
Loans under Technology Upgradation Fund Scheme (TUFS) for Textile & Jute industrial units in SSI sector AND to 21 Specified Industries in SSI sector for Technology Upgradation under Credit Linked Subsidy Scheme (CLCSS)
Loans for Acquisition of ISO 9000 Series certification by SSI units
Hassle Free Credit for SSI units upto Rs. 5 lacs for renewal of working capital facilities without insisting for stock statement/Balance sheet (SBTLUCC).
