MSMEs LOAN PRODUCTS
All range of financial products & services requirements of MSMEs, our extensive advisory services provided
MSMEs LOAN PRODUCTS
PM MUDRA YOJANA
STAND UP INDIA
E-COMMERCE LOAN
ASSET BACKED LOAN
E-DEALER FINANCE
E-VENDOR FINANCE
EXPORT PACKING CREDIT
FLEET FINANCE
PM MUDRA YOJANA
Pradhan Mantri MUDRA Yojana (PMMY): Business Enterprises (existing/new units) in Manufacturing, Trading and Services sector including Allied Agricultural activities are eligible for loan up to Rs 10 lacs.
Depending upon quantum of loan, 3 categories are there: (a) SHISHU- loans up to Rs.50,000; (b) KISHORE- loans from Rs.50,001 to Rs.500,000; (c) TARUN- loans from Rs.500,001/- to Rs.10,00,000/-. For (b) &(c) categories margin money for loan amount is 10%.
Login on http://www.mudramitra.in/
STAND UP INDIA
Stand Up India: Loan will be provided to any woman or SC/ ST entrepreneur who is undertaking a venture for the first time under the services, trading, or manufacturing sector. If loan is for a non-individual enterprise, then it is compulsory that a minimum of 51% of the shareholding / controlling stake be held by a woman or SC/ ST entrepreneur.
Composite loan includes a term loan & the working capital and Quantum of loan provided under this scheme will range between the amounts of ₹ 10 lac and up to Rs 1 crore.
Loan applicants are expected to contribute a minimum of 10% of the cost of the project from their own funds, while normally 25% of the margin money for the project is provided by other state/central government schemes.
Details of scheme are available on https://www.startupindia.gov.in/
E-COMMERCE LOAN
e-Commerce Loan: Financial assistance to authorized sellers of Snapdeal or Flipkart or Amazon engaged in selling products through online portal of Snapdeal / Flipkart/ Amazon.
Sellers registered with e-tailer (Snapdeal / Flipkart/Amazon) for a minimum tenure of 6 months and to be applied through e-Commerce seller portal.
Financing Limit Assessment is about 2 to 3 times x Average of last 3-month net-sales routed through Snapdeal / Flipkart/Amazon Platform
ASSET BACKED LOAN
Asset Backed Loan: For businesses in manufacturing and services for current assets and fixed assets build up for business purposes, capacity expansion, and modernization.
Asset Backed Loan is also available for the commercial real estate for creation/acquisition of real estate such as office building, retail space, industrial or warehouse space, multiplex, hotel, restaurant, etc. where the prospect for repayment would generally be lease or rental payment or sale of asset.
Loan against immovable property in the form of equitable/registered mortgage of land & building, by way of 1st charge.
Limits can be sanctioned for short to long periods with either equated reduction in limit or customized reduction in limit.
E-DEALER FINANCE
e-Dealer Finance: Finance to authorised exclusive dealers/ stockists/ distributors/franchisees (called “dealers”) of industry majors (IMs) for purchase of inventory.
Quantum of loan is need based considering Past Performance or Projected Sales.
PULL METHOD (when the Industry Major makes a request for debit in the dealer’s account) & PUSH MODEL (when the dealer originates the remittance).
Transactions are done on Internet Banking Platform of the bank.
E-VENDOR FINANCE
e-Vendor Finance: Financing receivables of recommended vendors of reputed Corporates/ Industry Majors (IMs).
Quantum of loan is need based and competitive pricing linked to MCLR.
Completely web-based solution with minimal branch intervention and provides instant credit to vendors account electronically.
EXPORT PACKING CREDIT
Export Packing Credit: Manufacturers and merchant exporters, are eligible to avail Rupee Packing Credit at concessional rate of interest.
Working Capital loan is for purchase of raw materials, processing, packing, transportation, and warehousing of goods meant for export.
An Exporter need to have an export order and / or letter of credit.
FLEET FINANCE
Fleet Finance: Financing of new vehicles in the category of Small, Light, Medium, Heavy Commercial Vehicles, Passenger Vehicle such as trucks/tankers/ trailers/ tippers/buses/ luxury buses/ passenger vehicles etc.
Target group of borrowers are Fleet Operators.