AREA SPECIFIC SCHEME FOR FINANCING MARBLE, GRANITE, MINERAL AND MINERAL POWDER INDUSTRIES IN JAIPUR CIRCLE
AREA SPECIFIC SCHEME FOR FINANCING MARBLE, GRANITE, MINERAL AND MINERAL POWDER INDUSTRIES IN JAIPUR CIRCLE
| Nature of Facility |
|
| 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 |
|
| 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, Tirupati and Vijayawada Circles
Rate of interest is linked to the value of security/approved collaterals and Internal Risk Rating/Grade.