Features
Type of Facility: Working Capital and Term Loan
Purpose : Business purpose, capacity expansion, modernization
Target Group : Business Enterprises in Manufacturing, Trading and Services sector including allied agricultural activities.
Quantum of loan (Min/Max)
1. Maximum loan amount : Upto Rs 10 lacs
2. Loans upto Rs.50,000 are categorised as SHISHU
3. Loans from Rs.50,001 to Rs.500,000 are categorised as KISHORE
4. Loans from Rs.500,001/- to Rs.10,00,000/- are categorised as TARUN
Margin (%)
1. Upto Rs. 50,000/- Nil
2. Rs. 50,001 to Rs. 10 lacs: 10%
Pricing : Competitive Pricing Linked to MCLR
Repayment Period
1. WC/TL: in 3 – 5 yrs including a moratorium of upto 6 months depending on the activity/ income generation.
2. Review of WC/TL to be done annually.
Processing Fee
1. Nil for Shishu and Kishore to MSE Units
2. For Tarun: 0.50%(plus applicable tax) of Loan amount
Eligibility Criteria
Existing & New units
Collateral Security
- Nil. To be covered under CGFMU.
- However, as Primary Security, Hyp. of P&M for TL and Hyp. of Stocks & Receivables for CC to be done.
Other Conditions
- The loans under Mudra Scheme are guaranteed by Credit Guarantee for Micro Units (CGFMU) and the same is provided through National Credit Guarantee Trustee Company (NCGTC).
- The guarantee cover is available for five years and hence for advances granted under Mudra Scheme the maximum period is 60 months.
- Leads are now available in Udyami Mitra Portal (www.udyamimitra.in). Site can be accessed by Branches with Username and Password
- All Branches to issue MUDRA RuPay Card for all the eligible CC accounts.
Credits – SBI ( State Bank of India )