Arthiyas Plus - Business

Features

• Target Group : Commission Agents/ Arthias engaged in Retail Trade.
• Facilities Available :  Cash Credit
• Quantum of loan : 
  • Min: > Rs. 10 lakh
  • Max: Rs 5.00 crores
• Pricing : 
  • Attractive Interest Rates linked to External Benchmark based Lending Rate EBR (Linked to Repo Rate and Currently EBR is Repo Rate + 2.65%) based on rating of the Borrower.
• Borrower’s Margin / Contribution
  • Stocks: 30%
  • Receivables (not older than 6 months): 40%
• Repayment Period : On Demand
• Processing Fee/ Upfront Fee : Up to 0.50% of limit sanctioned per annum.
  (Min: Rs 5,000/- and Max: Rs. 50,000/- plus applicable taxes)
• Other Charges: As per Bank Guidelines which will be appraised to the borrower before sanction of loans.
• Special Feature
  • It should be ensured that the eligible units have obtained Udyam Registration Certificate in case of MSMEs, wherever applicable, as per extant instructions.
  • Commission Agents / Arthias (functioning in markets/ mandies) also engaged in Retail trade activities and enjoying good reputation in the market with sufficient experience in the line of their business for the past 3 years. They should be registered with the Market Committee and possess a valid license issued by the Authorized government agencies.
  • In addition to the existing criteria, new units promoted by family members / partners of existing firm banking with SBI may also be considered eligible for loan provided they have at least one financial statement and minimum 6 months of operations / data.