Dall Mill Plus - Business

Features

• Target Group:
  • MSME-Manufacturing units engaged in Dal Milling activities.(Trading units not eligible)
• Type of Facility:
  • Term Loan, Working Capital limit (Fund based & Non-fund based facilities)
• Quantum of loan (Min/Max)
  • Maximum: Rs.25 Crores
• Pricing :
  • Competitive pricing linked to EBLR
• Margin (%)
  • Term Loan: Min. 25%
  • Working capital: Stocks: Min. 25%, Book debts: Min. 40% with cover period up to 90 days
• Primary Security : Hypothecation of Assets financed by the Bank.
• Collateral Security:
  • i. With CGTMSE Cover : All loans upto Rs.2 Crores are eligible to be covered under CGTMSE, w.e.f. 01.01.2017. Loans above Rs.2 Crores can also be covered under CGTMSE for amount upto Rs.2 Crores under Hybrid Model (with partial collateral security). Annual CGTMSE Fee has to be borne by the borrower.
  • ii. Without CGTMSE Cover: Equitable mortgage of property / tangible security belonging to borrower / guarantor valued not less than 75% of the loan amount.
• Repayment Period:

  Term Loan: 8 years (including the moratorium period of maximum 12 months): Working Capital: Repayable on demand.