AREA SPECIFIC SCHEME FOR FINANCING MARBLE, GRANITE, MINERAL AND MINERAL POWDER INDUSTRIES IN JAIPUR CIRCLE

Nature of Facility	Working Capital Term Loan (Both Fund-Based and Non-Fund Based facilities)
Purpose	To provide credit for Working Capital / Term Loan requirement (Fund Based and Non-Fund Based) of MSME (as defined under MSMED Act 2006) borrowers engaged in processing and trading Marble, Granite, Mineral & Mineral Powder Units.
Target Group	All MSME units (As defined under MSMED Act 2006) engaged in processing and trading of Marble, Granites, Mineral & Mineral Powder Units.
Quantum of loan	Minimum: Above Rs.10 lakhs Maximum: 1. Manufacturing Units: Rs. 25 Crores 2. Service Units : Rs 10 Crores
Margin	As per extant guidelines.
Security	Primary: Assets created out of loan proceeds. Collateral: Security by way of mortgage of Land and Building and/or Approved securities to the extent of at least 75% of the total limit to be ensured.
CGTMSE Coverage	As per extant guidelines.
Processing Charges	50% of the applicable upfront fee/ processing charges.

Applicable PAN India with present applicability in Jaipur circle

Individuals/ Proprietary Concern/Partnership Firms (other than Partnership Firms where HUF is a Partner) /Company (excluding NBFC).
The Scheme shall be applicable for accounts risk rated up to Grade V /Moderate Risk /BB.

Rate of interest is linked to the value of security/approved collaterals and Internal Risk Rating/Grade.

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.
Agree to pay penal interest at 2% for overdrawn portion, in case of delayed regularization of the limit.