To provide financial assistance to registered sellers of e-commerce portal engaged in selling products through online portal of e-commerce companies.
Nature of facility
Amount of Facility
Minimum: Above Rs 50.00 Lakh
Maximum: Upto Rs. 500.00 Lakh
• Sellers registered on e-Commerce portal for selling products online with at least 6 months track record on any of the major e-Commerce player
Hypothecation of stocks & assignment of receivables
Min 35% collateral (in the form of SARFAESI compliant land/building, & liquid securities in the form of Bank Deposits, LIC, NSC, KVP pledged/assigned to the Bank.)
Guarantee: Personal guarantee of all the Directors/Partners/Promoters of unit
Highly competitive collateral based pricing
First Year : 1.00% of limit sanctioned+ applicable taxes
Second year onwards : 0.35% +applicable taxes
Based on turnover done in the immediate previous 12 months through all accounts maintained by the unit
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