To provide working capital assistance (fund based / non fund based) in the form of running limit (overdraft), Inland / Foreign Letter of Credit, Bank Guarantee for meeting working capital needs to the existing and prospective contractors / sub-contractors.
MSME units engaged in contractor / sub-contractor activity and falling within the meaning of Micro, Small & Medium Enterprises as per Regulatory definition and all other entities with annual sales turnover up to Rs. 250/- crores.
BG / LC: 20%
Minimum: Rs. 10.00 lacs, Maximum: Rs. 30.00 crores (Including FB and NFB) Inter-changeability from FBWC limit to BG / LC may be permitted by the sanctioning authority on merits.
Adhoc limit can be allowed as per extant guidelines.
Kindly visit to the nearest branch for further details
Rate of Interest
Competitive Pricing linked to tenor based MCLR .