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| What is a Small Scale Industry? A unit engaged in manufacturing processing or preservation of goods with investment in plant and machinery does not exceed Rs.1.00 crore. What is Tiny Enterprises? A unit in which investment in plant and machinery is upto Rs.25.00 lakhs. How do you grant working capital credit limits to SSI units? It is computed on the basis of 20% of projected annual turnover upto a credit limit of Rs.5.00 crores. What is SME Credit Plus? Under this SSI units are financed 20% of their existing working capital limit subject to a maximum of Rs.25.00 lacs for a temporary period to meet their emergency requirements. No security/insurance is insisted for such finance. What is SME Smart Score? This is a score based assessment system as per the information furnished by the borrower on the requisite formats. Under this both trading and manufacturing units can be financed from 5.00 lacs to 25.00 lacs. What is Laghu Udyami Credit Card (LUCC)? Borrowers enjoying credit facilities upto 5.00 lacs and having satisfactory dealing for 2 years are issued cards. After this, submission of regular stock statements and financial statements are not necessary. Renewal of the account has to be done after 3 years. The purpose is to make lending operations hassle free. What is Pro-Fin? Professionals like Chartered/Cost Accountants, Engineers, Lawyers, Contractors, and Architects can be financed upto Rs.10.00 lacs, including for working capital upto Rs.2.00 lacs. Repayment for term loan is maximum 5 years. Working capital limit is renewed every year. What is Doc-Fin? Doctors, Dentists can be financed upt Rs.15.00 lacs in rural/Semi-urban areas including working capital sub-ceiling of Rs.3.00 lacs. In other areas the limit is Rs.10.00 lacs including working capital sub-ceiling of Rs.2.00 lacs. What are the norms for take over of advances under SSI? The account should have been standard asset in the books of other bank/Financial Institution during preceding 3 years. It should have earned net profit (post tax) in each of the immediately preceding 3 years etc. What is General Purpose Term Loan? Term Loan provided to good SSI units for shoring up of Net Working Capital, capital expenditure, substitution of high cost debt, research and development expenditure amounting upto Rs.50.00 lacs. Repayment is for 3 to 5 years. Who are Small Road & Water Transport Operators (SRWTO)? Advances to small road and water transport operators owning a fleet of vehicles not exceeding 10 vehicles, including the one proposed to be financed. What is financing of retail trade under priority sector? Private retail traders with credit limits not exceeding Rs.10.00 lacs. What is Small Business Enterprises? Business Enterprises for providing services other than professional in nature. Total finance can be upto Rs.20.00 lacs including Rs.10.00 lacs for working capital. What is Small Scale Service & Business Enterprise (SSSBE)? Industry related service and business enterprise with investment upto Rs.10.00 lacs in fixed assets, excluding land & buildings will be given the benefits of small scale sector. |
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