|Nature of facility
|Working Capital (Find based/Non-Fund based) & Term loan.
|To provide working capital assistance (Fund Based/Non Fund Based) in the form of running limit (Secured OD), FLC/ILC BG for working capital needs and Term Loan for purchase of brand new equipment/office premises to the existing and prospective eligible contractors/sub-contractors.
|MSMEs engaged in execution of contract works in the field of Civil, Mining, Electrical, Mechanical and construction awarded by Govt. Agencies or otherwise, that have registered their operative accounts maintained in our Bank with the respective Government agencies for receiving the funds towards payment under the underlying tender/bids document (contract) executed by them.
|Quantum of loan
|Minimum Loan above ₹25 Lakhs & Maximum up to ₹25 Crores for Working Capital. Minimum Loan above ₹25 Lakhs Maximum Loan up to ₹10 Crores for Term Loan.
|For Working Capital- Nil. For Term Loan /NFB 20%.
|Working Capital: Tenable for one year. Term Loan Up to a Maximum of 5 – 7 Years. (including Moratorium period) depending on the purpose.
- Primary : Hypothecation of assets created out of loan.
- Minimum Collateral requirements : 50% of the proposed exposure under the scheme in the form of Land/Land & Building only and/or approved financial securities.