| Bank | Bank of India |
| Scheme | STAR CHANNEL CREDIT |
| Description | |
| Eligibility | Sponsoring Corporate can be a Manufacturing Unit, Wholesale Dealer of goods, Distributor of goods, or a Provider of Services. The Sponsoring Corporate should be rated SBS 1-3 and SBS 4-6 (previous rating of ‘AA’ and above).
· · Facilities to Suppliers and Dealers would be extended based on the referral of the Sponsoring Corporate. · · Exposure to each Dealer to be based on the referral of the Sponsoring Corporate
|
| Rate of Interest & Repayment | Suppliers:1% below PLR, Min 10.25% pa. Zonal Managers shall have the discretion to approve a concession of 0.25% (10% floating). Further concession to be approved at HO level.
Dealers:: ROI not below the rate for which the Sponsoring Corporate is eligible for W/C Finance against Book Debts. |
| Collateral | |
| Composite /loan Limit | |
| Margin | Nil |
| Detail Link | View Link |
- हरियाणा सरकारGOVERNMENT OF HARYANA
- सूक्ष्म, लघु एवं मध्यम उद्यम निदेशालय Directorate of Micro, Small & Medium Enterprises
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