Purpose:
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.
Eligibility:
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.
Margin:
OD: 25%
BG / LC: 20%
Limits:
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:
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 .