The customers having availed fund based working capital facility from our Bank are only eligible under this scheme.

Individuals, proprietorship/partnership firm/ Limited company, trust, society, associations owning and operating or proposing to own and operate transport vehicles for carrying passengers or goods on hire.

The borrower (s) either hold the necessary driving license or engage driver (s) possessing valid license to operate the type of vehicle for which credit is sought.

The borrower (s) should have been granted a permit by an appropriate authority to ply vehicle(s) for passengers or goods traffic for hire.

80% of the cost of vehicle (pre-assembled/ cost of chassis/ cost of body/ cost of chassis & cost of body), onetime Registration Charges & Road Tax, and Insurance Charges.

Maximum limit that can be sanctioned under the scheme is Rs 5.00 Crore.

20% margin on cost of vehicle (pre-assembled/ cost of chassis/ cost of body/ cost of chassis & cost of body), onetime Registration Charges & Road Tax, and Insurance Charges.

The borrower should bring in the required margin money.

Moratorium Period: Maximum 6 Months from the date of disbursement of loan.

Loan to be repaid in Equated Monthly Instalments (EMIs) in Maximum 5 Years(exclusive of moratorium period, if any)

Loan amount up to Rs. 10 lakhs: Collateral Security is not required.

Loan amount above Rs.10 lakhs upto Rs.25 lakhs:

Loan amount above Rs.25.00 lakhs:

Working capital facility be restricted to maximum of Rs.20 Lakh.

(i)25% on stocks

(ii)40% on book debts

15% of on-road price inclusive of one time road tax, registration & insurance

Hypothecation of Stocks/book debts

Above Rs 200 Lakhs to Rs 500 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure

(ii)In case of partnership firm/LLP/companies/Trusts, minimum 51% of shareholding/stake is held by the Women/ST/SC doctor(s).

Personal guarantee of partners/directors should be invariably taken in all cases irrespective of coverage under credit guarantee scheme.

If the owner of the mortgaged property is other than borrower, the guarantee of the property owner must be obtained.

For MSME: Above Rs. 10 lakh

Non MSME: Rs.5 lakh

Rs.1000 lakh

• Concession of 0.25% in RoI for cases, where external credit rating is 1 to 4 by SMERA, ICRA, ONICRA or CRISIL
• Concession of 0.25% in RoI if account is classified under Priority Sector Advances. 

(Borrowers satisfactorily engaged in trading/ business activity for a period atleast 1 year prior to seeking credit under the scheme and having earned cash profit during the period )

Purpose

a) Working capital: Fund Based & NFB facilities limits to meet day to day requirement / materials / labour payment / statutory payments.

b) Term Loan: For purchase of Plant & Machinery / Equipment / Transport Vehicles to be used for the execution of contract work.

c) Bank Guarantee: For bidding of tenders, mobilization of advance money, performance of the contract, guarantee in favour of Central / State Govt & its various departments and reputed Pvt. / Ltd. companies, guarantee for release of retention money.

Eligibility

• MSME units engaged in the Contractor/ Subcontractor activity.
• Sub-contractors executing work on behalf of main contractors are also eligible under this provided sub letting is through registered agreement and all required permission and licenses / registration are available.
• Borrowers can be Individual(s) / Sole Proprietorship / Partnership firm/ HUF/Joint Venture/Joint Stock Company or any other entity engaged in this line of activity.

Nature of Credit facility

Working Capital facility: Overdraft against property (ODP).

Term Loan

Non Fund:   Bank guarantee

Quantum of Finance

Minimum:              Rs 10.00 Lakh

Maximum:             Rs 2000.00 Lakh

80% of the realizable value of the property mortgaged

Rate of Interest

Security

Equitable mortgage of  immoveable property . 80% of the realizable value of the property mortgaged

Repayment

ODP                : On demand.

Term Loan     : Repayment in maximum upto 10 years

BG                   : Tenor of BG not to exceed 10 years.

Processing charges:

Type of facility

PSB Flexi Term Loan is a pre approved term loan, bundled with PSB Contractor Plus, with an aim to provide term loan assistance to contractors in a smooth and hassle free manner.

Eligibility

• All MSME credit constituents having satisfactory credit history of minimum 1year with bank and having working capital facility backed by property as primary or collateral.
• PSB flexi term loan will be sanctioned with working capital limit under PSB Contractor Plus of Rs.1.00 Crore and above.

Purpose

Term loan for purchase of machinery, equipment, commercial vehicles, furniture & fixture.

Quantum of Finance

Term loan of maximum 25% of the working capital limit.

Margin

25%

Repayment Period

 5 years (60 EMI).

Processing Charges

One time charges of 1.00% at the time of disbursement.

Rate of Interest

One Year MCLR + 2.00%

• Click here

• As applicable for MSMEs
  Click here

Particulars  

Description

Purpose

1. Purchase of new equipments, machines, moveable assets  for captive used or used as service provider are eligible for Finance. The major Categories of Equipment includes:- Earth moving Equipment, Construction Vehicles, Other Construction Equipment , Material Handling Equipment , Medical &  Laboratory Equipments
2. Reimbursement for Equipment’s purchased in last 3 months may also be considered. This facility is only for Existing Borrowers with no delinquency beyond SMA-0 category in last 12 months.

Eligible Borrowers

Individual (Age –Min 21 Years & Max 70 Years at Expiry of Loan Tenure)

Sole Proprietorship /LLP/Partnership firm/Companies /JV

Note-Following entities not allowed as Borrowers:- Trust, associations, Societies, HUF, entity where HUF as proprietor/ partner are not eligible.

Non Resident Nationals are not eligible under this scheme.

Nature & Quantum of Loan

Nature:-

• Term Loan

• Stand By Line of Credit for a maximum period of 12 months backed by  Term Loan, for borrowers having Internal Rating of PSB 1-4 only.
• LC may be sanctioned as sub limit of term loan in case of import of Equipment.

Quantum :- Minimum :   Rs     10.00 Lakhs

                   Maximum :- Rs 1000.00 Lakhs

Maximum Period allowed  

7 years (including 6 Months Moratorium)

Margin

For Purchase :- 20% on Cost of Equipment

For Reimbursement:- 40% on Cost of Equipment

Security

Primary:- Hypo of assets created out of bank finance

Collateral:- Security equivalent to loan amount/ CGTMSE (covered up to Rs.500 lac)

Take Over Charges

Pre-payment of loan is permitted at no additional charge /penalty to the borrower, if it is repaid from its own sources. However, in case of closure of credit facilities on account of takeover by any other Bank/NBFC, takeover charges on the outstanding amount is to be charged for closure as under:

Purpose

To finance qualified medical practitioner

i.  For buying equipments.

ii. Setting up/ acquiring/ construction/ Expansion/ renovation of clinics, Hospitals/ Pathological/ Clinical Labs, Diagnostic Centers/ Physiotherapy centers, Nursing Homes, etc. including furniture fixture.

iii. Expansion/renovation/ modernization of existing premises.

Purchase of Vehicle/ ambulances/ lifesaver ambulances etc may be provided under Vehicle loan facility separately under the same scheme.

Eligibility

1. Medical Practitioners registered with statutory bodies like, MCI, DCI, CCIM, CCH etc. and having minimum qualification MBBS/BDS/BPT/ BAMS or equivalent professional degree.
2.  Age Group :

• 25 - 65 years.

3.  Minimum 3 years experience.

       4. Must be tax assesse for last 2 years.

Quantum of Loan

Minimum: Rs 5 lakhs

• :   Rs. 500 lakhs

Working capital facility be restricted to maximum of Rs 20 lakhs

Nature of Loan

Term Loan, Working Capital, Commercial Vehicle Loan

Margin

• Term Loan:

• 25% for purchase of equipment/ machinery etc.
• 35% for acquisition of premises and/ or expansion/ renovation/ modernization of existing premises.

• Working Capital:

• 25% on stocks
• 40% on book debts.

• Commercial Vehicle- 15% of on-road price inclusive of one time road tax, registration & insurance 

Security

Hypothecation of assets to be purchased/acquired with the help of Bank’s finance.
Mortgage of business premises if financed by the Bank.

Hypothecation of Stocks/book debts

Collateral Security

Upto Rs 10 Lakhs: No third party guarantee/collateral security is required and the same shall be covered under CGTSME.
Above Rs 10 Lakhs to Rs 200 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits, NSC, surrender value of LIC policies equivalent to 100% of the total exposure. Or else the loan may be covered under CGTMSE.

Above Rs 200 Lakhs to Rs 500 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure

Concession for Women/ST/SC Doctors

ROl concession of 0.20 % may be applicable for Women/ST/SC applicants where:

 
(i) Doctor is sole applicant. 

(ii)In case of partnership firm/LLP/companies/Trusts, minimum 51% of shareholding/stake is held by the Women/ST/SC doctor(s).

Guarantee

No guarantee required, if covered under CGTMSE. In other cases, guarantee of Spouse/major children/partners/directors/trustees/suitable third party be invariable obtained.

Personal guarantee of partners/directors should be invariably taken in all cases irrespective of coverage under credit guarantee scheme.

If the owner of the mortgaged property is other than borrower, the guarantee of the property owner must be obtained.

Processing Fee

Loan upto Rs.50 lakhs: 0.25% of loan amount +GST

Loan above Rs.50 lakhs and upto Rs. 500 lakhs: 0.50% of loan amount +GST

Applicability

Term Loan: One Time upfront charges at the time of sanction only.

Working capital facility: Upfront at the time of sanction and on annual renewal.

Repayment

For Term Loan: Maximum 7 years including moratorium period of 2 years/construction period in case of new construction.
For Working Capital: Repayable on demand.

Additional Benefits:

Locker Rent Concession: 50% concession on locker rent for self and spouse for first two years, who avail loan under this scheme.

Purpose

To provide timely, hassle-free and adequate credit delivery to meet the liquidity mis-matches and expenses incurred on activities like R&D, Product Development, Marketing and Branding, stocking the seasonally available raw material etc.

Eligibility

• Micro, Small & Medium Enterprises engaged in the manufacturing and services sector.
• The existing MSMEs with good track record as well as new MSMEs having satisfactory Due Diligence Report.
• The MSMEs may be an Individual, Proprietor, Partnership firm, Private/Public Limited Company, Co-operative Society.

Credit facility against agricultural property is strictly not permitted. Credit facility shall not be permitted against security of immovable property wherein Educational/ Religious Institutions are located. Vacant land may preferably be not taken as security under the scheme.

• The property of following close relatives may be considered subject to becoming of their co-borrower in the facility

• With a view to restrict the practice of diversions of funds and misutilization of the credit facilities availed from the Bank by the business concerns to strengthen their financials with other banks, it is advised that for the customers availing credit facilities under the PSB SME Liquid Plus Schemes, the precondition shall be to maintain the Working Credit Limit accounts with our Bank only and not with any other bank/financial institution

Quantum of Finance

Minimum: above Rs 10 lacs ,Maximum Rs.500 lacs

Quantum of Finance is subject to margin available

• Need based credit facility with maximum of 75% of realizable value of immovable property.
• The running account component is restricted to Rs 2 Cr within the overall limit, however term loan as single component can be considered upto Rs 5 Cr.
• Security in the form of NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements.

Rate of Interest

Click here for Rate of Interest

Processing Charges: 

For Term Loan:  @1% of the loan amount with Minimum of Rs.2000/-

For Overdraft Facility: @ 0.50% of limit sanctioned and to be collected on sanction and at the time of renewal every year.

Repayment

For Term Loan: Maximum upto 7 years.
 

For Overdraft: Repayable on demand. Interest shall be recovered immediately when due.

Guarantee

Personal guarantee of owners of property, spouse/ major son of prop., directors/partners

Concession in ROI for MSME Only

• Concession of 1.00% in RoI for cases, where realizable value of security offered as primary security to the credit facility is available to the tune of 200% or more.

1

Purpose

a)for the working capital/any business purpose requirements of the business concern

b) for the construction of shop in the pre-owned land or for purchase of ready built shop/ commercial space for business or for purchase of shop/ commercial space under construction for own business purpose.

2

Eligibility Criteria

• Retail Traders/Wholesale Traders
• Contractors
• Professional and self employed
• Micro, Small & Medium Enterprises Service/ Manufacturing concerns.
• Borrowers can be Individual(s) / Sole Proprietorship / Partnership firm/ HUF/ Joint Stock Company or any other entity engaged in trading/business activity.

• Newly Established Entity /Venture are also eligible for credit facilities under the scheme based on merits.

3.

Type of facility:

Overdraft/Working Capital Term Loan/Term Loan.

4.

Quantum of Finance

• Minimum: Above Rs. 10 lakh
• Maximum Rs.1000 lakh

5.

Margin

35% of realizable value of immovable property for construction/purchase of shop

• Security in the form of NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements.

6.

Guarantee

In case the properties offered as security, personal guarantee of all such owners /co-owners.

In case of sole proprietorship concerns guarantee of wife/major son(s) and in case of companies, guarantee of directors of the company to be taken. In case of Firm/ Companies, guarantee of Partners/ Directors is mandatory.

7.

Repayment: 

For Term Loan: Repayable in maximum up to 10 years, including moratorium period of maximum of 12 months, subject to annual review.

For Working Capital Term Loan: Repayable in maximum up to 5 years, subject to annual review.

For Overdraft Facility: Repayable on demand. Credit facility is subject to annual review/renewal. Interest shall be recovered immediately when due.

8.

Prepayment Charges

Nil.

9.

Processing fee

For Term Loan/ Working Capital Term Loan:  @1% of the loan amount with Minimum of Rs.2000/-.

For Overdraft Facility: @ 0.50% of limit sanctioned and to be collected on sanction and at the time of renewal every year.

10.

Documentation charges

Actual expenses with respect to charges for property legal opinion, index, valuation, mortgage fee and stamp papers etc.

PURPOSE

To provide financial assistance to enable the women members of Self-Help Group (SHG) to become Lakhpati Didi.

TARGET GROUPS

Women members of Self-Help Group (SHG)

NATURE OF LOAN

Term Loan & Working Capital

CREDIT LIMIT

Minimum: Rs.10000/-

Maximum : Rs 500000/-

MARGIN

10%

SECURITY

Primary Security: created out of Bank finance (present and future).

  Collateral Security: covered under CGTMSE

TENURE OF LOAN

Maximum 60 Months

ROI

Interest Subvention

• Prompt repayment of credit shall be provided 2% interest Interest subvention will be provided on loans upto Rs 1.5 lakh per borrower only once and upto to a maximum duration of 3 years.

Particulars

Description

Eligibility

• Scheme is applicable only in Jalandhar, Ludhiana ,Chandigarh (Punjab)
• Individuals /Proprietorship/Partnership/Limited Liability  Partnership (LLP)/ Pvt Ltd Co/Public Ltd Co /Trust /Societies & Cooperative Societies (  registered & Incorporated  under applicable law) having valid Udyam Registration.

Purpose

Working Capital :- FB & NFB /Fund Based.

Term Loan:- Purchase of Unit/Shop/Office/Godown, Plant & Machinery /Equipment

                   For Construction of buildings in the pre owned land, acquisition of

                   factory land and building as well as factory land with building under

                   construction

Any other purpose whereby asset is created out of Bank’s Finance for

the purpose of running the business. For Creation of Fixed Assets/P &

M /Equipment

Quantum of Loan

Above 10 Lakh

Maximum:- Need Based.

Maximum Period allowed

Term Loan :- Up to 10 years including moratorium period of 12 Months

Working Capital:- Working Capital Limit (FB & NFB) including ODP limit for one year

Working Capital Term Loan:- overall MPBF assessed for 5 Years

Processing Charges 

As per Bank Policy 1% of Loan amount + GST (One Time Applicable at the time of Sanction only)

One time Composite charges

One time composite Charges only ( No other charges which otherwise levied on ongoing basis)

ROI

Scheme Codes:-

CLUTL –Term Loan

CLUCC & CLUOD – Cash Credit & Overdraft

Particulars  

Description

Purpose

1. Purchase of new equipments, machines, moveable assets for captive used or used as service provider are eligible for Finance. The major Categories of Equipment includes:- Earth moving Equipment, Construction Vehicles, Other Construction Equipment , Material Handling Equipment , Medical &  Laboratory Equipments
2. Reimbursement for Equipment’s purchased in last 3 months may also be considered. This facility is only for Existing Borrowers with no delinquency beyond SMA-0 category in last 12 months.

Eligible Borrowers

Individual (Age –Min 21 Years & Max 70 Years at Expiry of Loan Tenure)

Nature & Quantum of Loan

Nature:-

• Term Loan:- Minimum Rs 10.00 Lakhs & Maximum Rs 1000 Lakhs

• Stand By Line of Credit for a maximum period of 12 months backed by Term Loan, for borrowers having Internal Rating of PSB 1-4 only.
• LC as sub limit of term loan in case of import of Equipment.

Maximum Period allowed

7 years (including 6 Months Moratorium)

Margin

For Purchase :- 20% on Cost of Equipment

For Reimbursement:- 40% on Cost of Equipment

Processing Charges

As per Bank Policy 1% of Loan amount + GST (One Time Applicable at the time of Sanction only)

One time Composite charges

One time composite Charges only ( No other charges which otherwise levied on ongoing basis)

ROI

Scheme Codes:-

TLEQP –MSME Borrowers

TLEQN- NON MSME/Corporate Borrowers

Particulars  

Description

Purpose

Finance for Green Projects/activities which encourages energy efficiency in resource utilization, reduce carbon emissions and greenhouse gases, promote climate resilience and/or adaptation and values and improve natural ecosystems and biodiversity

Eligible Borrowers

• Individuals/ Proprietorship/ Partnership/ Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co & any other legal entity having valid Udyam Registration.

Nature

• Cash credit/Overdraft limit to meet the working capital requirements
• Term Loan (For Creation of Fixed Assets/P&M/Equipment/ Etc.)
• Non-fund (LC/BG)
• Stand by Line of Credit: To meet the temporary liquidity mismatch

Quantum of Loan

• Minimum: Above ₹ 10.00 Lakh
• Maximum: Need Based

Maximum Period allowed  

• Working Capital: One year, repayable on demand.
• Term Loan: Up to 10 years including moratorium period of maximum of 12 months.

ROI

As per HO RMD circular no. 518/2024-25 dated 30-09-2024 and subsequent amendments

Scheme Codes:-

Term Loan: PGGTL

Cash Credit: PGGCC

Overdraft: PGGOD

Particulars  

Description

Purpose

The MSE-SPICE Scheme aims to encourage Micro & Small Enterprises (MSEs) to adopt Circular Economy practices, focusing on sectors like Plastic, Rubber, and Electronics Waste Management to comply with international environmental goals and improve operational efficiency which enables MSEs to comply with Extended Producers Responsibility (EPR) and waste Recycling targets set for Industries.

SIDBI has been designated as the implementing agency of the scheme.

Eligible Borrowers

MSE units engaged in waste Recycling plants /Circular Economy Projects in the following sectors:

Plastic, Rubber, Electronic waste, Municipal solid waste & Liquid waste, Compressed Biogas, Lithium –ion Batteries, End to Life Vehicles, Scrap metal-Ferrous and Non Ferrous, Solar Panels, Gypsum, toxic Hazardous industrial waste, used oil waste.

Only Brownfield units are eligible to be covered under MSE-SPICE   scheme.

Nature

Term Loan

Quantum of Loan

Upto Rs 500.00 Lakhs

Maximum Period allowed  

Up to 10 years including moratorium period of maximum of 12 months.

Key Components of the scheme

Capital subsidy upto Rs. 12.50 Lakhs

ROI

Scheme Codes:-

Term Loan –TLSPC

Particulars  

Description

Purpose

To provide support to the MSMEs in accessing institutional finance at a concessional rate for adopting clean / green technologies and help them to transform into green and sustainable business operations.

SIDBI has been designated as the implementing agency of the scheme.

Eligible Borrowers

The firms engaged in following activities:-

• Greenhouse gas Reduction [Carbon, Methane & Others)
• Climate Change adaptation
• Sustainable use and protection of water
• Transition to a circular economy
• Pollution Prevention and Control
• Protection and restoration of biodiversity and the ecosystem.
• Projects in pollution control, recycling & reuse, energy efficiency, climate change, natural resource efficiency, and environment management and Social (S) – working conditions, local communities, conflict, health and safety, employee relations, and diversity.

Nature

Term Loan

Quantum of Loan

Above Rs. 10.00 Lakhs upto Rs1000.00 Lakhs

Maximum Period allowed  

Up to 5 years including moratorium period of maximum of 12 months.

Key Components and Size of the scheme

1. Interest Subvention Component: 2% interest subvention per annum for a maximum of 5 years on term loans up to INR 2 crores
2. Risk Sharing Facility: Partial Credit Guarantee of 75% of the loan up to INR 2 crores

ROI

Scheme Codes:-

Term Loan –TLGIF

Particulars

Description

MSME Clusters  identified by the  Bank

 List of MSME Clusters identified by the Bank along with the respective regions/zones (ODOP) Annexure I and as per the list updated from time to time by Govt of India, Ministry of Food  & Processing. Web link :- https://www.mofpi.gov.in/pmfme/one-district-one-product

Eligibility

• Individuals/Proprietorship/Partnership/Limited Liability  Partnership (LLP)/ Pvt Ltd Co/Public Ltd Co /Trust /Societies & Cooperative Societies (  registered & Incorporated  under applicable law) having valid Udyam Registration.

• New Customer as well as Existing Borrowers who are dealing with our Bank since 2 years or above are permitted to be switched over to this scheme subject to ensure compliance

• Accounts which have been in SMA-1 & SMA-2 category in the past 12 months are not be considered.

Purpose

• Working Capital :- Support for Food & Agro Processing Units

• Term Loan:- Purchase of Unit/Shop/Office/Godown, Plant & Machinery /Equipment, for Construction of buildings in the pre owned land, acquisition of factory land  and building as well as factory land with building under construction

    Any other purpose whereby asset is created out of Bank’s Finance for the

   purpose of running the business.

• Non Fund Based Limit (LC /BG):- Bank Guarantee & Letter of credit.

Quantum of Loan

Above 10 Lakh Maximum:- Up to Rs 100.00 Crore (CC +TL + Non Fund) 

Maximum Period allowed

Cash Credit & Overdraft :- One Year(subject to annual renewal)

Term Loan:- Up to 10 years including moratorium period of max 12 months.

Processing Charges

 As per Bank Policy 1% of Loan Amount + GST

One time Composite charges

One time composite Charges only ( No other charges which otherwise levied on ongoing basis)

ROI

Scheme Codes:-

ODPTL –Term Loan

ODP CC & ODP OD – Cash Credit & Overdraft

Particulars  

Description

Purpose

Facility under the scheme shall be provided for the following purposes for genuine business needs , not prohibited by the applicable law:

1. Term Loan for the following  purposes:

• Purchase/Construction/Renovation of Business Premises, Factory/Offices/Shop/Gdown etc.
• For construction of building (s) in the pre- owned land, acquisition of factory land and building as well as factory and with building under construction.
• To Start Greenfield projects.
• For acquisition of fixed assets (Plant & Machinery), equipment, furniture & fixtures etc) for business activities.

2. Cash Credit/Overdraft limit:- to meet the working capital requirements.
3. Stand By line of Credit :- To meet the temporary liquidity mismatch.
4. Non Fund based limit (Bank Guarantee & Letter of Credit).

Eligible Borrowers

All MSME units owned and managed by the Female Proprietor/Partner/director/ majority stakeholder (at least 51%) is eligible under the scheme.

Nature

• Cash credit/Overdraft limit: - to meet the working capital requirements
• Term Loan (For Creation/ Construction of Fixed Assets/ P&M/ Equipment/Etc.)
• Non-fund (LC/BG)

Stand by Line of Credit: To meet the temporary liquidity mismatch

Quantum of Loan

Above Rs 2.00 Lakhs up to Rs 500.00 Lakhs

Maximum Period allowed  

Working Capital:- One Year repayable on demand.

Term Loan:- Maximum Repayment period up to 10 years including moratorium period of maximum of 12 months.

Processing Charges 

As per Bank Extant Guidelines

ROI

As per HO RMD circular no. 518/2024-25 dated 30-09-2024 and subsequent amendments

Scheme Codes:-

Term Loan –PSMTL

Cash Credit – PSMCC

Overdraft-PSMOD

Particulars  

Description

Purpose

1. Term Loan for the following  purposes:

• Purchase/ Construction/ Renovation of Business Premises, Factory/ Offices/ Shop/ Godown etc.
• For construction of building (s) in the pre- owned land, acquisition of factory land and building as well as factory and with building under construction.
• To Start Greenfield projects.
• For acquisition of fixed assets (Plant & Machinery), equipment, furniture & fixtures etc) for business activities.
• Any other purpose whereby asset is created out of Bank’s finance for the purpose of running the business.

2. Cash Credit/Overdraft limit:- to meet the working capital requirements.
3. Stand By line of Credit :- To meet the temporary liquidity mismatch.
4. Non Fund based limit (Bank Guarantee & Letter of Credit).

Eligible Borrowers

• Enterprises owned or managed by the young entrepreneurs between the age of 18 -35 years or cases where majority stake (at least 51%) held by entrepreneurs aged between 18-35 years.

Quantum of Loan

From Rs 10.00 Lakhs upto Rs 500.00 Lakhs

Maximum Period allowed  

Working Capital:- One Year repayable on demand.

Term Loan:- Up to 10 years including moratorium period of maximum of 12 months.

ROI

Scheme Codes:-

Term Loan –PYITL

Cash Credit – PYICC

Overdraft-PYIOD

S.No

PARAMETERS

PARTICULARS

Scheme

PSB SMART SCOPE MSME Loans

Purpose

This product is designed based upon Digital footprints  of  information available from different sources. This will be a manual branch assisted credit programme for the MSMEs having credit requirement up to Rs.25.00 Lakh

Eligibility

• All Brown field units having vintage (Digital footprints) of 12 Months.
• Individuals, Proprietorship, Partnership, LLP, Pvt Ltd Co.
• All New to credit (NTC), Existing to Credit (ETC), New to Bank (NTB), Existing to Bank (ETB).
• Udyam Registration Certificate or equivalent is mandatory.

Nature of loan

Cash Credit & Term loan

Loan Amount

Minimum: Above Rs. 50,000/-

Maximum: Rs.25.00 Lakh

Margin

25% 

Rate of Interest

Please refer the Bank’s website for updated rate of Interest

Tenure of Loan

Term Loan – Repayable in 12 months to 84 months.

Working Capital - Repayable in 12 months, subject to annual review 

Indicative list of documents 

• PAN/UIDAI (KYC)
• Udyam Registration Number
• Bank a/c statement for last 12 months
• Income Tax Return,if available
• GST Return, if available
• Any other information relevant in assessing income/Business performance.