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AREA SPECIFIC SCHEME FOR FINANCING MARBLE, GRANITE, MINERAL AND MINERAL POWDER INDUSTRIES IN JAIPUR CIRCLE

Nature of Facility
  • Working Capital
  • Term Loan
    (Both Fund-Based and Non-Fund Based facilities)
Purpose To provide credit for Working Capital / Term Loan requirement (Fund Based and Non-Fund Based) of MSME (as defined under MSMED Act 2006) borrowers engaged in processing and trading Marble, Granite, Mineral & Mineral Powder Units.
Target Group All MSME units (As defined under MSMED Act 2006) engaged in processing and trading of Marble, Granites, Mineral & Mineral Powder Units.
Quantum of loan
  • Minimum: Above Rs.10 lakhs
  • Maximum:
    1. Manufacturing Units: Rs. 25 Crores
    2. Service Units : Rs 10 Crores
Margin As per extant guidelines.
Security Primary: Assets created out of loan proceeds.
Collateral: Security by way of mortgage of Land and Building and/or Approved securities to the extent of at least 75% of the total limit to be ensured.
CGTMSE Coverage As per extant guidelines.
Processing Charges 50% of the applicable upfront fee/ processing charges.

Applicable PAN India with present applicability in Jaipur circle

  • Individuals/ Proprietary Concern/Partnership Firms (other than Partnership Firms where HUF is a Partner) /Company (excluding NBFC).
  • The Scheme shall be applicable for accounts risk rated up to Grade V /Moderate Risk /BB.
  • 31.03.2025 (subject to performance review of the scheme as on 30.09.2024)
  • Customer Identification proof along with NF998 MSME application.
  • Address Proof of unit and promoters.
  • License/permissions.
  • Financial papers for the last 3 years with ITR and projections.
  • Details of Guarantor with proof of assets.
  • Stock Statement.

Rate of interest is linked to the value of security/approved collaterals and Internal Risk Rating/Grade.

  • Penal interest of 0.25%/0.50% may be chargeable as the case may be, from previous sanction to current renewal period, in case of lesser turnover routed through the account.
  • Agree to pay penal interest at 2% for overdrawn portion, in case of delayed regularization of the limit.
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Last updated on 12-12-2024 10:38 PM

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