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Monday, 21-May-2018  12:38:11 PM

(For Priority Sector Lending)


For purchase of Fixed Assets like Shop, Gala, Factory Shed, Machinery, Furniture, Computers, Business Development/ Expansion and Working Capital Facility.

Max. Amount

Term Loan/Cash Credit-

 - Manufacturing Sector upto Rs.500.00 Lakh
 - Service Sector            upto Rs.200.00 Lakh
 - Retail Trade              upto Rs. 20.00 Lakh


Individual/Proprietorship Firm/Partnership Firm/LLP/Pvt. Ltd. Cos. carrying on Small Business/Rendering Specialized Services/ Manufacturing Activity

Eligible Category

Loans & Advances to be considered only for following categories of  Priority Sector Advances

  1. Micro & Small Enterprises (MSEs) are primarily recognised on the basis of original cost of investment in Plant & Machinery in case of manufacturing sector and original cost of investment in equipments in case of   Service Sector.
  2. Manufacturing Enterprises :– Original cost of investment in Plant & Machinery should not exceed Rs. 500.00 Lakh.
  3. Service Enterprises :– Original cost of investment in Equipments should not exceed Rs. 200.00 Lakh. 
  4. Small Road and Water Transport Operator
  5. Small Businessmen
  6. Enterprises engaged in providing or rendering services for selling of goods on commission basis, booking agents, clearing & forwarding agents, estate agents, photo studio/shop, service providers viz. Pest Control, Plumbing, Electrician, Contractor etc. , Hair Dressing Saloons, Photocopiers, Workshops carrying repair/maintenance jobs for Automobiles, Machinery etc., Enterprises engaged in Advertising/ Marketing/Industrial/Management Consultancy, Industrial R & D Labs, Testing Labs, Laundry & Dry Cleaners, Restaurant & Cafes, Tailoring Firms, Weigh Bridge Operators,  Business of providing Equipments on Rental/Lease basis, Desktop Publishing, Beauty Parlors, Health Spa.


1] Term Loan eligibility:-

  1. In case of loans considered on the basis of their present income:- Minimum take home Income after EMI should be 40% of net income subject to minimum of Rs. 10,000/- and maximum Rs. 20,000/-
  2. In case of loans sanctioned on the basis of their projected Balance Sheet and Profit & Loss a/c.:-  DSCR should be worked out to ascertain the repayment capacity as per the Balance Sheet &  Profit & Loss a/c. for the entire period the loan would be serviced/repaid with interest.  The DSCR should be more than 1.5. 
  3. Cost of project minus margin amount. 

2] Working Capital – 20% of estimated/projected turnover


Upto 84 EMIs including moratorium period (in exceptional cases, it can be extended upto 120 EMIs)

Rate of Interest



As per Credit Policy


Regular membership for the Applicant and Co- Applicant
Nominal Membership for Sureties for loan up to Rs. 25.00 Lakh. Regular Membership for loans above Rs.25.00 Lakh.


One Surety with good means



  1. Mortgage of Shop/Gala/factory to be purchased
  2. Hypothecation of Stock and Book Debts, Plant & Machinery and Equipments


  1. Term Loan for acquiring Office/Shop Premises – NIL
  2. Term Loan for acquiring other assets and/or working capital limit

     a) upto Rs. 10.00 Lakh – NIL

  1. Above Rs. 10.00 Lakh  upto Rs. 50.00 Lakh – 25% of the advance
  2. Above Rs. 50.00 Lakh – 50% of advance

Service Charges

0.25% of the sanctioned amount+ GST

Share Linkage

Applicant - 2.5% of sanctioned amount
Surety – Rs. 1000/- for loan upto Rs.25 Lakh & 2.5% of sanctioned amount for loan above Rs.25 lakh.


Comprehensive insurance of all Assets hypothecated/mortgaged with Bank Clause.


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