Category: Bank of Maharashtra

Account to be standard. SMA-0, SMA-1 and SMA-2 accounts are also eligible under the scheme

0.5% above the sanctioned Cash credit rate

Penal interest as applicable to Cash Credit account will be charged

• MSME contractors and sub-contractors working on Civil, Mining, Transport, Electrical, Road, Irrigation, Pipeline and Construction projects are eligible for this loan
• The MSME must have been in business for at least 3 years and have Audited Financial Statements for the last 2 years
• The business must be making profit for the last 3 year

Incentive by way of ROI reduction if collateral is provided.

CGTMSE cover available for loan upto Rs. 2 crore.

Medium Enterprise:  Minimum 25%

Working Capital

Individuals, Proprietorship, Partnership Firm, LLP, & Corporates

The owner of the property invariably be taken as personal guarantor to the credit facilities.

Incentive by way of ROI reduction if collateral is provided.

CGTMSE cover available for loan upto Rs. 2 crore.

Working Capital: Min Rs. 0.10 crore Max. Rs 10 crore

Medium Enterprise:  Minimum 25%

• To purchase or construction of offices.

• The loan can be availed for purchase or construction of office, purchase or upgrade of equipment, expansion of unit, etc.

• MSME Units engaged in Trading / Services / Manufacturing Activity irrespective of constitution.
• The MSME Unit / Borrower should have requisite registration under GST Act i.e., Provisional Registration (GST REG-25) or FinalRegistration (GST REG-06).
• The MSME Unit / Borrower should have valid GST returns i.e. GSTR-1 (Regular) for minimum latest 3 months / GSTR-4 (Composition) for Latest Quarter.
• The facility under the scheme is available only under Sole Banking.