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MSME Textile Scheme

Purpose:

Financing working capital requirements for New project i.e. acquisition / construction of land and building and plant and machinery (including second hand plant and machinery as per guidelines) based on the project cost.

Eligibility:

All new/existing units (including taken over from other banks) engaged in textile activity including Job worker /Traders falling under SME Segment as per regulatory definition.

Limit:

  • Minimum Rs. 25.00 lacs
  • Maximum Rs. 25.00 crores
  • Assessment of limit will be independent of TUFS subsidy

Margin:

For cash credit:

25% on Stock and Book Debts (minimum)

For Term Loan:

  • Factory Land & Building: 30%
  • New P & M and other misc. fixed assets: 25%
  • Second hand P & M (under TUF scheme): 30%
  • Second Hand P &M (imported): 30%
  • Second hand P & M (indigenous outside TUF scheme): 40%

Pricing:

Competitive rate of interest based on Repo rate/ MCLR

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