MICRO, SMALL & MEDIUM ENTERPRISES:

General Purpose Term Loans:

• We arrange loans to small scale industries for meeting general commercial purposes like substitution of high cost debt research and development, shoring up net worth and funding business expansion.
• The tenor of the loan is normally is 3 years, and the pricing is fine-tuned to suit the risk profile of the borrower. The repayment is structured in monthly or quarterly installments, according to the cash generation cycle.

Liberalized Credit For SSI:

• We arrange production-linked credit facilities to small-scale industries, ancillary industrial units and village and cottage industrial units on liberal terms and conditions.
• Under this scheme, the quantum of advances is not linked to the security furnished, but the genuine requirements of the unit.
• The pricing of the loan is based on credit assessment, and the units with strong ratings may be given finer rates.
• No collateral security is required for loans up to Rs 5 lakh. Composite term loans can be sanctioned up to Rs. 25 lakh combining term loan and working capital.

LOAN TO SSI & RETAIL TRADE:

• SME Petro Credit
• Dal Mill Plus
• Paryatan Plus
• Transport Operators
• Auto Loan
• Rice Mills Plus

ZERO COLLATERAL LOANS TO SSI UNITS (ZCL) :

• Collateral free product to facilitate the MSE and software/IT related services to avail both working capital and term finance from the Bank. The facility is secured by guarantee cover of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGMSE). Maximum loan amount under the product is Rs. 50 lacs.