SME Marble Plus - Business
SME Marble Plus
To provide finance to the Marble, Felspar, Quartz and other Stone Units for financing their working capital / capital expansion (capex) requirements related to their business activity
Features
- Target Group: All SME units engaged in Marble and other stone activity such as manufacturing, processing, carving, polishing, mining and also trading.
- Type of facility: Cash Credit / Term Loan / Dropline Overdraft / Non-Fund Based facilities (LC/BG).
- Quantum of Loan:
- Minimum: above Rs.10 lakhs
- Maximum: Rs.10 crores
- Margin (%):
- Working Capital: Stocks: 25%; Receivables: 40%
- Term Loan: 25%
- LC & BG: Min. 25% Cash Margin
- Pricing: Competitive Interest Rate linked to Collateral coverage & Internal rating
- Repayment Period (Term Loan / Dropline OD):
- Max. 120 months (including an initial moratorium not exceeding 12 months)
- Unified Charges:
- 1% of the Sanctioned limit (Min: Rs. 10,000/-; Max: Rs. 50,000/-)
Eligibility
- Existing / New units engaged in Marble and other stone activity such as manufacturing, processing, carving, polishing, mining and also trading.
- Takeover of existing units from other Banks/ FIs with satisfactory track record
Terms & Conditions
Collateral Security:
- Minimum 50% of loan amount, in the form of tangible SARFAESI compliant collateral security (Non-agricultural property) belonging to the borrower / guarantor.
- Eligible units to be covered under CGTMSE, as per CGTMSE guidelines.
- No Second Charge or Pari-Passu charge will be extended to other Bank/FI
Last Updated On : Tuesday, 23-11-2021

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
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Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above