Area specific scheme for financing Automotive Components Manufacturers (Tier I & Tier II Suppliers of OEM’s) by way of FB (Fund Based) and NFB (Non-Fund Based) limits.

Nature of Facility	Fund Based Limits for Working Capital Limits and Term Loans Non-Fund Based Limits for issuing BC/LCs/FLCs for the purpose of purchase of required machineries either imported/indigenous.
Purpose	“Area specific scheme for financing Automotive Components Manufacturers (Tier I & Tier II Suppliers of OEM’s) by way of FB (Fund Based) and NFB (Non-Fund Based) limits. ”
Target Group	Tier I and Tier II Suppliers of OEM’s (Original Equipment Manufacturers).
Quantum of loan	Minimum Loan above ₹25 Lakhs
Margin	As per extant guidelines.
Security	Primary: Assets created out of Bank Finance. Collateral: Minimum 75% of the exposure to be secured by way of collateral security subject to the following: Immovable properties by way of Commercial/ Residential/ Factory –land and building. Free hold/Lease hold properties of government are acceptable. Bank deposits with face value or current value whichever is higher Approved collaterals with applicable margin.
CGTMSE Coverage	As per extant guidelines.
Processing Charges	50% concession from the applicable charges.

Scheme shall be applicable PAN India. However, the scheme shall presently be implemented in the following Circles only.

Ahmedabad Circle
Chandigarh Circle
Chennai Circle
Karnal Circle
Pune Circle
Ranchi Circle

Individuals/Proprietary firms/ Partnership firms (other than partnership firms where HUF is a partner)/Limited Liability Partnerships (LLPs)/ Companies (excluding NBFC).
Firm/Company should be already engaged in this line of activity for a minimum period of one year.
The Scheme shall be applicable to accounts which are risk rated up to Moderate Risk.

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.

Minimum ROI: RLLR p.a, Maximum ROI: RLLR+0.80 p.a subject to risk rating and collateral value.

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.
Existing customers enjoying limits/liability with us may be permitted to switch over to this scheme upon complying with all the applicable guidelines of the scheme, subject to the following:
- No release and substitution of existing primary/collateral securities already charged to our Bank for the facility (acceptable under the subject scheme also) which is proposed to be switched over under this scheme.
- No overdues at the time of switchover to this scheme.
- Agree to pay penal interest at 2% for overdrawn portion, in case of delayed regularization of the limit.