SPECIAL SCHEME FOR FINANCING TEXTILE UNITS

Nature of Facility Term Loan !eman" Loan# Ca$% Cre"it an" non&fun" 'a$e"
limit$# i(e( LC ) Guarantee(
Limit Minimum Rs. 25/- lacs and Maximum Rs. 15/- crores.
Prior authority from Zonal Head to be obtained for the proposals
having limits above Rs.10.00 crores under the scheme.
Pur*o$e Working capital requirements both fund based and non-fund
based.
inancing ne! pro"ect# i.e. acquisition/construction of $and %
&uilding and 'lant % Machiner( )including second hand 'lant %
Machiner( as per guidelines* based on the pro"ect cost.
Eli+i'ility
+ll ne!/existing units )including taken o,er from other banks*
engaged in textile acti,it( including -ob !orkers /.raders falling
under /M0 /egment as per regulator( definition as also
expanded definition. 1n respect of take o,er of accounts# take
o,er norms as per $oan 'olic( 2212 to be complied !ith.
'roprietorship# 'artnership concerns# 'ri,ate $td. 3os.# $td 3os.
engaged in the acti,it(.)45 are not eligible*
&aroda /M0 6old 3ard 7&orro!al accounts !ith standard
categor( for the last 1 (ear !ith credit rating &8&-5
Met%o" of
a$$e$$ment of
,or-in+ ca*ital
limit
+s per bank9s guidelines.
Rate of Intere$t For SME$ a$ *er Re+ulatory "efinition
1.:5; o,er &ase rate i.e.12.22; at present irrespecti,e of credit
rating or as per credit rating !hiche,er is lo!er# sub"ect to
minimum obligor rating of &8&-< and abo,e.
For SME$ a$ *er e.*an"e" "efinition(
2.52; o,er &ase Rate i.e.12.:5; p.a.irrespecti,e of credit rating#
or as per credit rating !hiche,er is lo!er sub"ect to minimum
obligor rating of &8&-< and abo,e.
Tenor Premium $ess than = (ears >il
+bo,e = (ears and up to 5(ears 2.12;
+bo,e 5 (ears and up to :(ears 2.15;
+bo,e : (ears and up to 12 (ears 2.22;
+bo,e 12 (ears 1.22;

/M0 &anking ?eptt. 3'3 7 .extile units at Ra"asthan

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Mar+in For Ca$% Cre"it/
25; on /tocks and &ook ?ebts
/anctioning +uthorit( ma( prescribe higher margin depend on case
to case basis.
For Term Loan/
actor( $and % &uilding =2;
>e! ' % M and other misc fixed assets 25;
/econd hand ' % M )under .5 scheme* 25;
/econd 4and ' % M )1mported * 25;
/econd hand ' % M )1ndigenous outside .5 scheme @2;
Re*ayment of
Term Loan
1n suitable monthl( installments after initial moratorium period
of 12 months.
1nterest to be ser,iced e,er( month e,en during moratorium
period.
Proce$$in+ an"
ot%er c%ar+e$
52; of applicable charges.
/M0 &anking ?eptt. 3'3 7 .extile units at Ra"asthan

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