Nature of Facility	Working Capital- Secured OD, (Fund Based and Non-Fund Based). Term loan
Purpose	“To meet the working capital requirement of artisans, village industries, micro and small enterprises including tiny units.”
Quantum of loan	Rs.10 lakhs (aggregate)
Coverage	CGTMSE cover available to SME units for loans wherever eligible
Repayment Period	The limit is valid for 3 years subject to annual review
Security	Primary : Stocks/receivables created out of facility wherever applicable Collateral/Third party guarantee: Upto Rs.10 lakhs – NIL

Total aggregate limit including the one under the scheme should not exceed Rs.10 lakhs – Eligible borrower should have satisfactory dealings with the Bank for the last 3 years – Parties with continuous satisfactory dealings for a minimum of 3 years but not having any liability are also eligible.

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 as per prevailing guidelines of the Bank linked to RLLR of the Bank, subject to changes from time to time

Minimum ROI: RLLR p.a,

Maximum ROI: RLLR+1.00 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.
No need to submit monthly stock statements upto Rs.2 lakhs Above Rs.2 lakhs, simplified monthly stock statements and detailed stock statements annually. Laminated LUCC cards will be issued
Agree to pay penal interest at 2% for overdrawn portion, in case of delayed regularization of the limit.