SME Smart Score

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SME Smart Score
  • Features
  • Eligibility
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Purpose: To meet any kind of credit requirements including purchase of fixed assets

Features

  • Target Group : All MSME Units including Proprietorship Firm/ Partnership Firm/ Closely held public & private limited company in Small & Medium industrial, trading and service sector under SSI, C&I and SBF Segments.
  • Quantum of loan (Min/Max) : Manufacturing, Trade & Services Units:
    • Minimum: above Rs. 10 lakhs
    • Maximum: below Rs. 50 lakhs
  • Margin (%) : 
    • Working Capital: 20%
    • Term Loan: 33%
  • Pricing : Competitive pricing linked to EBLR
  • Collateral Security : Nil. All loans to be covered under CGTMSE (Credit Guarantee Fund Trust Fund for Micro & Small Enterprises) and guarantee fee to be borne by borrower
  • Repayment Period:
    • Cash Credit: Loan to be renewed every 2 years with annual review of performance.
    • Term Loan/ Dropline OD: Not more than 7 years including moratorium not exceeding 6 months. Annual review to be done for all loans.
  • Fee & Charges: 0.40% of the loan amount

Eligibility Criteria

  • The chief promoter /chief executive should be 18 to 65 years of age

    The applicant must obtain a minimum overall score of 60% with a minimum of 50% under each sub-head like Personal Details, Business Details, Collateral Details (except in cases where collateral is not applicable, the minimum marks will be nil)

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Last Updated On : Thursday, 07-07-2022

Interest Rates

8.40%* p.a.

w.e.f. 01.09.2023

*T&C Apply.

 

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