Eligibility |
- Traders
& Shopkeepers.
- Contractors & Suppliers.
- Exporters.
|
Purpose |
-
Working
capital for expansion & establishment of business.
-
Execution
of work & supply order.
-
Export.
|
| Quantum of Loan |
- Traders &
Shopkeepers - 50-60% of stocks value
- Contractors
& Suppliers - 60-75% of related costs.
- Exporters
- 50% of LC value.
|
Rate of
Interest |
-
Traders
& Shopkeepers - 13.75% per annum.
-
Contractors
& Suppliers - 13.75% per annum.
-
Exporters
- 13% (up to 60 days from last disbursement date)
& 15% thereafter.
|
Repayment
Period |
-
Traders
& Shopkeepers - 1 year subject to yearly review
and renewal of limit.
-
Contractors
& Suppliers - 1 to 3 years.
-
Exporters
- 6 months.
|
| Security |
Primary:
-
Traders
& Shopkeepers - Hypothecation of stocks &
book-debts.
-
Contractors
& Suppliers - Hypothecation of stocks, book-debts
& equipments.
-
Exporters
- Hypothecation of stocks & receivables.
Collateral:
Immoveable Property.
|
Documents
required for
Traders &
Shopkeepers |
-
Copy
of Trading / Business Licence.
-
Stock Statement.
-
Business Data on Sales, Purchases,
Expenses and Profit for consecutive 3 years.
-
Agewise statement of Sundry Debtors
and Sundry Creditors.
|
Documents
required for
Contractors &
Suppliers |
-
Copy
of Contract Award Letter/Agreement specifying the
Contract Value and the terms of the Contract.
-
Letter of Undertaking from the
awarding Department agreeing to route the payment
of contract bills through the bank only.
- Copies of Certificates of Contract Work Execution
experiences (if any).
- Certificate of Contractor Grade specification.
- Cash flow projection.
- Estimated costing details of works order/contract.
- Financial statements for last two years (required
from existing business firms only).
- Copy of licence.
|
Documents
required for
Exporters |
-
A copy
of Export Licence
-
A copy of Confirmed Order and
Export Contract Agreement.
-
Details of Export performance
during previous season / estimated for current season.
|
|
|
