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Bank of Maharashtra

Mahabank Scheme for contractors

Bank Bank of Maharashtra
Scheme Mahabank Scheme for contractors
Description The loan is meant for contractors and sub-contractors meet their Working Capital needs or purchase equipment, machinery or vehicle
Eligibility
  • 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

 

Rate of Interest & Repayment RLLR based

Incentive by way of ROI reduction if collateral is provided.

CGTMSE cover available for loan upto Rs. 2 crore.

Collateral ·
Composite /loan Limit Min Rs 10 Lakhs – Max Rs 10 crore
Margin Micro & Small Enterprises: Minimum 20%

Medium Enterprise:  Minimum 25%

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