State Bank of India extends production-linked credit facilities to small-scale industries, ancillary industrial units and village and cottage industrial units on liberal terms and conditions.
Under this scheme, the quantum of advances is not linked to the security furnished, but the genuine requirements of the unit.
The pricing of the loan is based on credit assessment, and the units with strong ratings may be given finer rates.
No collateral security is required for loans up to Rs 5 lakh. Composite term loans can be sanctioned up to Rs 25 lakh combining term loan and working capital.
A. The Liberalized scheme offers a range of financial products including the following:
A. For requirements up to Rs 25,000, no margins are involved. For limits ranging from Rs 25,000 to Rs 5 crore, the margin is set at 20 per cent.
For credit limits above Rs 5 crore, a 25 per cent margin may be applied.
Loan amount up to Rs. 3 lakhs
> Rs. 3 lakhs & up to Rs. 5 lakhs
Upto 1 lakh
Above 1 lakh
Upto Rs. 1 lakh
Above Rs. 1 lakh
Upto Rs.7.50 lakh
Above Rs.7.50 lakh
(On Applying through YONO)
1 year to less than 2 year
2 years to less than 3 years
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