SBBJ Sme SchemesENG

8/11/2019 SBBJ Sme SchemesENG

1/21

LAGHU UDHYAMI CREDIT CARD SCHEME (LUCC)

FACILITY

Cash Credit/ Overdrafts

PURPOSE

To make credit delivery system simple by waiving cumbersome procedural aspects relating torenewals, submission of balance sheet and periodical stock statement and introducingsimplified application form based on Scoring Model eligibility .

ELIGIBILITY

All existing small/ medium enterprises, retail traders, artisans, SSI (Now MSE) units, tiny units andProfessionals and self employed persons etc. availing working capital requirements upto Rs.20.00lacs and with satisfactory dealing for last two years . However, units which do not enjoy credit limitwith our Bank / other Banks for the present, with excellent performance may also be considered.

PROCESSING CHARGES

Processing charges will be recovered at the time of limit sanctioned and then recovered on annual basis at the time of renewal/Review the limit. It will be recovered at the rates applicable on SIBsegment from time to time.

VALIDITY

Credit card limit will be valid for a period of 3 years subject to satisfactory conduct of the A/c.Internal review based on last 12 months turnover in the account and conduct of account will bedone annually.

STOCK STATEMENT

Waived. However, annual stock statement as on February end is to be submitted for arriving atDrawing power for statutory audit purpose (for all working capital accounts).

FIXATION OF LIMIT

(i) In case of Artisans, Retail Traders, Small Entrepreneurs and Businessmen:20% of annual turnover declared for tax purposes OR last 12 months turnover in the operativeaccount, whichever is higher . In case of parties with good track record where sales tax returns arenot available - limit to be fixed based on actual turnover in the account during the last 2 years.(ii). For Professionals & Self Employed Persons, 50% of gross annual income as per Income Taxreturn will be considered as the limit for issuing LUCC.(iii). For SSI (Now MSE) units including Tiny sector units, assessment norms in vogue as per

Nayak Committee recommendations would continue.

Margin

A 25% margin shall be stipulated for credit facility covered under LUCC scheme.


2/21

SCHEME FOR PROVIDING SPECIAL CONTINGENCY LOAN FACILITY TORETAIL TRADERS AND SMALL BUSINESS "TATKAL VYAPAR SUVIDHA"

FACILITY

OVERDRAFT IN CURRENT ACCOUNT

PURPOSE

To meet additional funds requirements over and above the normal requirements for various purposes such as for maintaining higher stocks, for making advance payment to suppliers, paymentof sales tax and other taxes etc.

ELIGIBLE BORROWERS

All traders and small businesses falling under SBF sub-segment enjoying credit facility with theBank.

QUANTUM OF FINANCE & PERIOD

20% of fund based working capital limits for a maximum period of 45 days in each instance, to beextended only twice a year to a borrower that too after a gap of two months. If the outstandingunder the facility is not liquidated within 45 days, the facility will be treated as irregular.

SANCTION

At the time of renewal of working capital facilities.

RATE OF INTEREST -

As applicable to clean advances.

AVAILMENT

Through a separate account Tatkal Vyapar Suvidha A/c. No cheque Book to be issued. Drawingsto be permitted against a single letter of request mentioning purpose and source from whichdrawings would be adjusted.

Not to be availed by borrowers as a matter of right but to be released by Branch Manager at hisdiscretion to meet certain exigencies.


3/21

GENERAL PURPOSE TERM LOANS TO SSI (Now MSE) SECTOR

FACILITYTERM LOAN

PURPOSE

Any general commercial purpose such as shoring up of NWC, capital expenditure, substitution ofhigh cost debt, research and development expenditure, quality up gradation to ISO standards, etc.

ELIGIBILITYi. Existing SSI (Now MSE) borrowers with "Excellent' credit rating / CRA rating SBBJTL-3 andaboveii. Should have earned pre-tax profits in each of the immediately preceding 3 years.iii. The unit should not have any history of default in payment of interest/installments.

INDICATIVE FINANCIALSMinimum gross DSCR: 1.75,TOL/TNW: Max. 3:1Total long term Liability to Equity: Max. 2:1Current Ratio: Minimum 1.

QUANTUM OF LOAN :Upto Rs.50 lacs.

MARGINMinimum margin of 25% for loans for acquisition of land and building, construction of building,up gradation and renovation of offices, showrooms, godowns, purchase of equipments, vehicles,etc.

INSPECTION: Quarterly.

SECURITYPrimary - Extension of hypothecation charge over current & fixed assets.Collateral - (i) Extension of charge over existing collateral.(ii) Additional collateral security to be explored.(iii) Personal guarantee of Prop./Partners/Promoters.(iv) Modification charge with ROC if applicable.

RATE OF INTEREST

Rates for SSI (Now MSE) Advances applicable from time to time as per CRA rating.

REPAYMENT

The General Purpose Term Loan shall be repayable normally in three years, and upto 5 years indeserving cases in monthly, quarterly installments as per normal cash generation cycle.

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4/21

SME SMART SCORE" SCHEME

FACILITY

Cash Credit for working capital

Term Loan for fixed Assets

Purpose

To simplify the loan approval process.To cut down the delays in loan approval.To introduce consistency in approvals and eliminate subjective assessments.

Eligibility

Small and medium industrial and trading enterprises under SIB and C&I segment.

The model is based on a set of characteristics, which are grouped as Personal, Business &Collateral with maximum score of 100. An eligible borrower should get minimum score of 60 outof 100 and 50 % in each group. For renewal, minimum score should be 60%.

Personal details - Max. 30 points.Business details - Max. 50 points.Collateral - Max. 20 points.

Scheme is available only if: --- Chief promoters age is below 60 years.-- He belongs to local area or his antecedents can be verified with satisfaction.-- He is not defaulter of the bank in loans/guarantee.-- All clearances including Environment clearance have been obtained.

Nature and Quantum of Loan

Minimum of 20% of projected sales for working capital and 67% of project cost for term loanswithin the overall limit of Rs.5 lacs to Rs.25 lacs. Higher quantum can be fixed based on subjectiveassessment.However, if the borrower is unwilling to take up minimum, the loan amount can be lowered but in

such case, the branch should get fully satisfied about the ability of the borrower to bring the neededfunds. Non-fund based facilities can also be sanctioned on best judgment basis within the discretionary powers delegated to the Sanctioning Authority.

Credit Rating & Pricing

CRA rating not required.Rate of interest will be as applicable for SSI (Now MSE) loans upto Rs.25.00 lacs.

Loan Repayment & Renewal


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Repayment period of term loan not exceeding 5 years (excluding maximum Moratorium period of 6months) and subject to renewal every year for working capital loans. Working Capital loans canalso be renewed and term loans could be reviewed if the credit score is 60 and above.

Override

In case of ineligibility under the model, the loan can be sanctioned under existing assessment andappraisal method.

Benefits of scoring pattern

i. Transparent- Loan assessor know want the Bank looks for.ii. Marketing of loan become easier. Uncertainties regarding sanction of loan will be

avoided.iii. Reduce Accountability Phobia.

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6/21

"ARTISANS CREDIT CARD" SCHEME

Facility

Term Loan & Cash Credit

Purpose

To provide adequate and timely credit facility to small and tiny units of artisans for theirInvestment as well as working capital needs.

Eligibility

Artisans, not benefited under other Govt. loan schemes, involved in production /manufacturing process would be eligible for finance under the Scheme.- Thrust on clusters of Artisans and SHGs.- Preference to Artisans registered with Development Commissioner (Handicraft).- Existing Artisan borrowers enjoying credit facility upto Rs.2 lac and having satisfactory dealingswith the Bank also eligible.

Amount of Loan

Maximum Rs.2.00 lac (TL +WC).

Security

Collateral Security will not be insisted upon. However, obtaining proper security documents willhypothecate assets financed.

Rate of Interest

As applicable to SIB segment advances from time to time.

Validity - Three years, with annual review.

Margin - Upto Rs.25000/- - Nil.Over Rs.25000/- - 20%.

Inspection - Quarterly.

Submission of Stock Statement - Waived.

Fixation of Credit Limit -

i. Term Loan Cost of tools and equipments.ii. Working Capital As per Nayak Committee recommendations (20% of anticipated turnover).

Repayment:- Repayment schedule can be fixed for purchase of tools & equipments.

Credit Guarantee Scheme of CGTSI


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Under the scheme Guarantee fee & annual service charges payable to CGTSI for obtainingguarantee cover will be borne by the office of the Development Commissioner (Handicrafts). TheDevelopment Commissioner (Handicraft) has placed advance funds with the CGTMSE from whichthe amount of guarantee fee and annual service fee will be appropriated by CGTMSE for guaranteesissued / validated.

Other Benefits

i. After sanctioning the loan, credit card, which would be valid for three years, will be issued to the borrower subject to an annual review.ii. Borrower would not be required to submit financial statements for the purpose of annual reviewand no fee would be charged for that purpose.iii. Borrowers registered with Development Commissioner (Handicrafts) would be eligible forcoverage under Group Insurance Scheme. Further, one time guarantee fee and annual service fee is

born by the Development Commissioner (Handicrafts) in case the account is covered under creditguarantee scheme of Credit Guarantee Fund Trust for Small Industries & the artisans are identified

by the office of the D.C. (Handicrafts).iv. Cost of photo to be affixed on the credit card will be borne by the Bank.


8/21

SCHEME FOR BEAUTY PARLOUR

FACILITY

Cash credit: for working capital requirementTerm loan: for fixed assets

PURPOSE

For purchase of equipment, repair, renovation, interior decoration, furniture & fixtures, computers,electrical installations, AC, coolers, etc. and for working capital.

ELIGIBILITY

Beauticians having minimum 2 years of proven experience or having degree/diploma from aPolytechnic / reputed beauty institute / organization. The judgment regarding the competence of theapplicant shall be vested exclusively with the Branch Manager. The constitution of the applicantcan be individuals and partnerships / joint ventures of such professionals.

QUANTUM OF LOAN

Composite requirement (TL+WC limits) shall not exceed Rs.20 lacs.

DETERMINATION OF WORKING CAPITAL LIMIT

20% of projected annual turnover or anticipated requirement using the traditional method forassessment of limits whichever is higher

MARGIN

Limits up to and inclusive of Rs.25000: No marginLimits exceeding Rs.25000: 15-25 %

STOCK STATEMENT

Cash Credit limit up to Rs. 25000: QuarterlyCash Credit limit exceeding Rs.25000: Monthly

REPAYMENT:

Repayment programme of loan amount sanctioned should be 3 to 5 years.

SECURITY

(A) Credit limits upto inclusive of Rs. 25000/-Pledge /hypothecation / mortgage of assets created out of bank loan.


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(B) Credit limits exceeding Rs. 25000/-

i) Pledge/hypothecation/mortgage of assets created out of bank loan.ii) For loan /limit beyond Rs. 1 lac, collateral security can be obtained.

RATE OF INTEREST

As applicable for SBF advances. For lending to women as defined, a concession of 0.5% (below theregular rate) will be allowed.

INSURANCE

Insurance cover will be obtained for limits/loans over Rs. 10000/-


10/21

SBBJ TOURISM PLUS

NATURE OF FACILITY

Fund based - Cash Credit (Hypothecation) for working capital

Term Loan-Non fund based - LC/BG

PURPOSE

Finance provided to all activities, which help in giving a fillip to tourism.

Construction/Renovation/ Modernization/Expansion of hotels, rest houses, Yatri Niwas.Establishment of handicraft/curios and other shops.Construction of office premises, purchase of office equipment and computers by travel agents/

tour operators.Purchase of vehicles (Luxury buses, Coaches, Cars, Vans) at tourist sites.Purchase of elephants, horses and mules for tourism.Purchase of ships for carrying tourists at coastal areas.

Setting up of restaurants/ coffee houses/ ice-cream parlours/ fast food centres, amusement parks/rope ways, health clubs/ spas, etc.

ELIGIBILITY

- Individual (proprietorship), Partnership Firm, Limited Company, Trust.

QUANTUM OF LOAN -

No minimum & maximum limit.

MARGIN - 20% (40% in case of old equipments and vehicles)

SECURITY

Primary Security - Hypothecation of assets purchased out of Bank's loan.

Collateral Security - Tangible collateral in the form of immovable property, TDRs, NSCs, KVPs,LIC policy etc. may be obtained at least equivalent to 50% of the total loan amount, for loans aboveRs. 2.00 lac.

RATE OF INTEREST

As per rates applicable from time to time for SBF & C&I segments.

. REPAYMENT

- 3 to 7 years including moratorium period not exceeding 18 months.

OTHER TERMS & CONDITIONS


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i) Wherever license is required from the local authorities, it has to be mandatorilyobtained by the borrower before availing the loan.

ii) In case of vehicles, minimum DSCR 1.5 and other terms relating to SRTO would be applicable.iii)Maintenance of Current A/c where sales proceeds need to be deposited.iv)Second hand equipment/vehicle can also be considered provided equipment/ machinery has

residual life to cover the amortization period of term loan and is less than 5 years old. Approvedvaluers assessment needs to be taken. Apart from valuation, functional-efficiency of the equipmentand useful life is to be certified. Margin for loan for purchase of second hand equipments would be40%v)Takeover of advances from other FI /Bank on selective basis is also permitted provided approvalis obtained from controlling authority (not lower than AGM) and subject to compliance of takeovernorms.vi)Wherever subsidy is available, it will be taken as part of promoter's stake. Branch should get

proceeds as account payee cheque in favour of beneficiary firm and to be credited to loan accountonly.

vii) Permit/Sales Tax No./Registration under Shops and Establishment Act, wherever required to beobtained.viii) Applicant should be trained or skilled in the field.

INSURANCE

100% OF LOAN AMOUNT to be covered

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12/21

SCHEME FOR SBBJ SHOPPE/SUPER SHOPPE

FACILITY

TERM LOAN

PURPOSE

For purchase of new / old shops / establishment / offices.Modernisation and renovation of shops/ establishments/offices./face lifting of shopsExpansion / addition / alteration to shops.Building for Training Centre, service CentresRepairs Centre / Garage.Building for Consultant / Chartered Accountants.All furniture / fixtures / /electrical fittings and other accessories required for the showroom

/offices / shops.Dealers showroom/Dealer's showroom under tie up arrangement with the reputed industries (viz.Bajaj, Hindustan lever Mahindra etc.Construction of shop, Office and establishment for their own use.

ELIGIBILITY

Individuals / Firms / Partnership / Trust / Franchises.

Take over from other banks is permitted subject to observance of take over norms laid down by theBank.

Super Shoppe scheme is available for financing shops at Urban/ Metropolitan cities.

QUANTUM OF LOAN

Rs.20 lac (Maximum) under Micro and Small Enterprises (SSI (Now MSE) & SBF)

Rs. 200 lacs (Maximum) under C&I (ME)

MARGIN -

For SIB segment 25% (in respect of purchase of old property margin will be charged as 40%).

For C&I segment 35% (in respect of purchase of old property margin will be charged as 50%)

DSCR - Minimum 1.75.

SECURITY(i). Primary Security - Hypothecation / pledge / mortgage / assignment of property purchased out ofBank's finances including non-industrial assets.

(ii). In case of leased property:- Mortgage / assignment of leased hold property will be obtained, NOC from the lessor be invariably obtained. But in any case repayment period has to be within the

lease tenure. Loan period needs to be lower than the remaining lease period.

RATE OF INTERESTAs applicable from time to time under SIB & C&I segment.


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REPAYMENT

- 3 to 7 years excluding moratorium period of 6 months.

OTHER TERMS & CONDITIONS

i. Viability to be ascertained.ii. Opening Current / SB A/c. is compulsory.iii. Clearance from local Govt. authorities.iv. Legal opinion on propertyv. Certificate from CA wherever required regarding completion of project.vi Approved map/Plan, estimates and necessary permission from the concerned authorities.

UPFRONT FEES1.25% of the loan amount.

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14/21

STAND-BY LINE OF CREDIT (SLC) FORWORKING CAPITAL REQUIREMENTS OF SMEs

ELIGIBILITY

Borrowers rated SBBJ-3 and above.

QUANTUM OF FINANCE

15% of the working capital facilities (Fund Based + Non-Fund Based) Maximum Rs.5.00 crores.

SANCTION OF THE LIMIT AND ASSESSMENT

Sanction of SLC is made on request for all eligible borrowers along with sanction of regular fund based/ non-fund based working capital finance by an authority having financial powers to sanctionthe aggregate of the regular credit limits and the SLC. No separate assessment / special justificationis required for SLC.

RELEASE OF THE LIMIT

The release of SLC is to be approved by the head of the branch.SLC may be made available on the specific request of the borrower as stock limit, bills / receivablelimit, letters of credit, bank guarantees limit for domestic operations / exports, depending on theneed, after being satisfied about the requirement.Fund based SLC should invariably be covered by eligible drawing power.

In case of SSI (Now MSE) units, SLC is not to be released where the unit has utilized SMESmart Score facility or already availed special contingency loan facility.

PERIODFor a maximum period of 2 months at any one instance. No restriction on No. of occasions SLCmay be made available in a calendar year.

OTHERS

Upfront fee: 1%, No commitment charge.


15/21

CAR LOAN TO SME UNITSPurpose

To provide term loan to the promoters/partner of the SME units * having borrowing arrangementswith the bank or their family members either in their own name or in the units name for purchaseof new / old cars, jeeps etc. on attractive terms and conditions which are as under :-

EligibilityBased on assessed annual income of Rs.75,000/- and above.i. Loan Amount No Ceiling for new vehicles.ii. Rs.15.00 lac for used vehicle.

MarginFor loan upto Rs. 6 lacs 15%For loans above Rs. 6 lacs 30%

Collateral No Collateral security required.

AppraisalSimple, based on 2.5 times of assessed net annual income. Income of spouse can be added providedthe spouse guarantees the loan.

Processing chargesWaived.

Other benefitsi. Sanction by the concerned authority without clubbing with other facilities provided to the unit.ii. No charge for issuing Demand Draft/ Bankers Cheque for making payment to the Dealer.

* For the purpose of this Scheme SME units mean all units covered under SSI &MEsegments and all non- corporate Trade and Service sector units irrespective of segment.

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16/21

SME SARAL LAN SCHEME

Purpose

Providing hassle free finance to SME borrowers for their multiple requirements including workingcapital / capital expansion and other business requirements .

Type of Loan

Overdraft : For Working Capital requirements.Term Loan : For other requirements.

Eligibilitya) Small & Medium Enterprises.

b) Retail & Wholesale Traders.c) Professional and Self employed.d) Transport Operators.

Quantum of FinanceMinimum - Rs.1.00 lacMaximum - Rs. 200.00 lacs

Computation of quantum of finance(a) For Small & Medium Enterprises, Retail & Wholesale Traders & Transport Operators :- 75% ofrealizable value of collateral security by way of Equitable Mortgage.(b) For Professional & Self Employed : 75% of realizable value of collateral security by way ofEquitable Mortgage.

OR

4 times of net annual income as per Income Tax return.

Security

Primary:i) Hypothecation of stocks and receivables.ii) Assets created out of Bank finance in case of Term Loan.

Collateral:i) Equitable Mortgage of land & building. (*)ii) Personal guarantee of All the Directors of the Company / Partners of the Firm / Karta & MajorCo-parcners of HUF, depending on the type of borrower.iii) Personal guarantee of owner of the immoveable property to be mortgaged in case the property isin the name of third party.

Submission of Financial Statement/ ReviewReview of the account will be on an annual basis. For review, financial statements will be examinedin particular reference to the level of activity, cash accruals and credit summations in the account soas to satisfy the sanctioning authority on the general financial position of the borrower including

their repaying capacity. Submission of financial statement will be stipulated as under:-i) No audited balance sheet required for turnover upto Rs.40 lac in case of firms.ii) In case of company, audited balance sheet will be obtained irrespective of turnover.


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DSCRTerm Loan : Minimum 1.75 (Gross)OD limit : It should be ensured that cash accruals of the unit are sufficient to service periodicalinterest to be levied in the account. However, DSCR will be only indicative factor and not theguiding factor as to determine the eligibility of the borrower under the said scheme. Sanctioning

authority can permit deviations on selective basis after satisfying themselves on account ofrepayment capacity.

RepaymentMaximum 84 months including gestation period.


18/21

SBBJ TRANSPORT OPERATORS SCHEME

Purpose Purchase of commercial vehicles by road transport operators for movements of goodsor passengers.Applicant should be able to run the business and having experience in this line ofactivity.

Having valid route permit, wherever necessary.For loans exceeding Rs. 10.00 lacs, b orrower and/or guarantor should possess someimmovable property in their names having adequate value.

Eligibility

In the case of second hand vehicle, it should not be old for more than 3 years and balance of its useful life should be more than sufficient to cover the repayment periodof loan.

Margi n For New vehicles :15% on invoice value cost of body, insurance for current year and registrationcharges.For Second Hand vehicles30% in the case of second hand vehicle.

Repayment 3 to 7 yearsInterest Interest rates as applicable to the SBF loans. Concession in rate of interest will be

based on marks scored by the borrower. The marks will be arrived at based on detailsof personal, business and collateral parameters of the borrower as prescribed under theSME Smart Score model ( As per annexure ). The concession will be as per followingtable :-

Period Score ( 60-80) Score (81 & above)Upto 3 years 0.50% below normal applicable

rate1% below normal applicable

rateAbove 3 years 0.25% below normal applicable

rate

0.75% below normal

applicable rateSecurity Primary - Hypothecation of vehicle purchased from Bank finance.

Collateral a) Exposure not exceeding Rs.10.00 Lacs:

Nil. The advance will be covered under credit guarantee scheme of CGTMSE .(b ) Exposure exceeding Rs. 10.00 lacs:(i) The advance will be covered under credit guarantee scheme of CGTMSE .

OR(ii) Equitable mortgage / Registered mortgage of immovable property to cover atleast 50% of the loan amount.

OR (iii) Tangible collateral in the form of Bank's own deposits, NSCs, KVPs at least50% of the loan amount .

OR (iv) Third party guarantees having adequate worth and equitable mortgage ofimmovable property of at least 50% of the loan amount in the name of guarantor.

Incentive Borrowers, who repay all installments on due date and there is no premature closure,will be entitled for incentive @ 0.5% of loan amount and will be credited to the

borrower's A/c as refund of interest at the time of closure of the loan account.


19/21

SBBJ SME CONNECT SCHEME *

PURPOSE:

Term Loan for funding requirements of Plant and Machineries / Equipments / Tools / Gen Setsand construction of factory building, educational institutions, hospitals and hotels etc. and forfunding working capital requirements against Current Assets.

ELIGIBILITY:

1. All existing accounts satisfactorily conducted and eligible for taking further exposure will beeligible for new term loan.

2. The existing term loan borrowers, who have not availed working capital facility during last one

year, will be eligible for working capital facility under the scheme.

3. Take over from other Banks and potential borrowers, who have not availed any credit facilityfrom our bank during last one year, will be eligible for existing as well as new term loans andworking capital exposure. Other banks customers will be taken over subject to take over norms.

4. Existing borrowers who have availed loan under the SME Connect Loan Scheme may also takenew term loans in SME Connect loan scheme at concessional rate of interest for one year/ upfrontfees. The enhancement in working capital will not be permitted under the SME Connect Loanscheme and entire working capital will attract normal applicable rate of interest.

NATURE OF FACILITY:

Working Capital (Cash credit)/ Term Loan

CRA RATING:

1. In case of new units- SBBJ-9 or better, and2. In case of take over - SBBJ-7 or better

LOAN AMOUNT:

Minimum Rs. 25.00 lacs subject to Maximum of Rs. 15.00 crore (excluding existing exposure otherthan the proposed loan under the scheme i.e. existing exposure and loan proposed under the SBBJ-SME Connect product may exceed Rs. 15.00 Crore). Total exposure under the scheme i.e. term loanand working capital should be clubbed for the purpose.

MARGIN:

Minimum margin 20 to 25 %. Sanctioning authority may prescribe higher margin in case of bookdebts and construction of factory.

SECURITY:Primary


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First charge over entire current and fixed assets of the borrower.

Collateral Security: In case of loan exceeding Rs. 1 crore: Collateral security as applicable to SME loans looking toloan amount and the credit risk category (CRA rating) of the borrower.

In case of loan up to Rs. 1 crore , coverage under Credit Guarantee Scheme of CGTMSE oradequate collateral security as applicable to SME loans looking to loan amount and the credit riskcategory (CRA rating) of the borrower.In case of loan eligible for SME Saral Loan Scheme the criteria of collateral security (Mortgage),will be as per SME Saral Loan Scheme i.e. minimum 133% of loan amount.

RATE OF INTEREST

11.75 % per annum for first one year and there after normal rates as applicable from time to timeas per credit rating and credit limit of the borrower.

Conditions apply.


21/21

SBBJ- SME MARBLE PLUS SCHEME

Purpose To provide hassle free finance to the Marble, Felspar, Quartz and other Stone Unitsfor financing their multiple requirements including normal working capital / capitalexpansion (capex) requirements / other requirements related to their businessactivity.

Type ofFacility

Term Loan, Cash Credit, LC & BG

Eligibility SME units engaged in Marble and other stone activity such as manufacturing, processing, carving, polishing and also trading. Existing and new units, Take over.

LoanAmount

Maximum Fund Base Credit facilities ( CC & TL) upto Rs. 5 Crore. The tradingunits will be permitted upto the exposure of Rs.20.00 Lacs. In addition to this, need

based Non Fund credit facility may also be extended. Term Loan based on projectcost.

MaximumRepaymentPeriod

For Term Loans : 84 months

Security (A) Primary Security:(i) For working capital : Hypothecation. / Pledge of stocks, book debts and othercurrent Assets.(ii) For term loan : Charge by way of hypothecation. / Pledge /Mortgage of entire assets created out of bank finance.(B) Collateral (for working capital as well as term loan) (i) Equitable mortgage of

property / charge on tangible security belonging to borrower / guarantor.(ii) Personalguarantee of partners / promoters/owner of the property.

Rate ofInterest

(i) For Micro and Small Enterprises 3.00% above Base Rate(ii) For Medium Enterprises 3.50% above Base Rate

Margin (a) Term loan: 20%(b) Working Capital: Stocks-52%, Book debts-50%, LC/BG-25%

The scheme is available at all the branches of the Bank .

Date post:	02-Jun-2018
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SBBJ Sme SchemesENG

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