Besides these our 139 branches are established with SME divisions to provide efficient services and to look into the difficulties being faced by the borrowers.

SMALL & MEDIUM ENTERPRISES - FINANCING

• Simple loan application as per Kapoor Committee recommendations introduced.
• Acknowledgements for receipt of loan application.
• Time Norms for disposal of loan applications:

•  Under Stree Shakti Package (Scheme for women) the loans are sanctioned at lower   margins (reduced by 5%) and interest (reduced by 0.5%) for loan amount above  Rs.2.00 lacs.

•  Laghu Udhyami 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 lacs based on Good Track

   Record for shoring up of NWC, Capital expenditure, substitution of high cost debt, etc.
•  Composite loan upto Rs.50.00 lac is sanctioned to SSI units.

•  Working Capital Finance: Minimum 20% of projected annual sales turnover based on  Nayak Committee recommendation and based upon need based requirements under traditional method, whichever is higher.

•  Lower rate of interest to conventional Industries such as Rice Mills, Dal Mills & Cotton

   Ginning Mills.

•  No collateral security for advances upto Rs.5.00 lacs.

•  No collateral for advances over Rs.5.00 lacs and upto Rs.25.00 lacs based on good

   track record and financial position.

•  For loans sanctioned without collateral security/third party guarantee for advances upto Rs.25.00 lacs guarantee cover is available under Credit Guarantee Fund Trust Scheme for SSI (CGTSI).

• The collateral security for SMEs is stipulated at minimum of 75% of the sanctioned credit limits other than collateral free loans upto Rs.5.00 lacs, advances over Rs.5.00 lacs and upto Rs.25.00 lacs based on good track record and upto Rs.25.00 lacs covered under CGTSI as mentioned above.