Stand Up India - MSME Loan / SME Loan Scheme | SBI - Business

Features

• Nature of Facility : Composite Loan (Working Capital facilities / Term Loan)
• Purpose :To meet all kinds of credit requirement for setting up Greenfield projects under manufacturing, services or the trading sector.
• Target Group :SC / ST and Women entrepreneurs
• Quantum of loan (Min/Max)
  • Minimum loan amount: > Rs 10 lacs
  • Maximum loan amount: Rs. 1 crore
• Margin (%) : Minimum mandatory margin is 10%. Max. Margin money on composite loan would be upto 25% which will be reduced through convergence with Central / State schemes.
• Pricing : Competitive Interest rates Linked to MCLR
• Collateral Security : No Collateral / Third Party Guarantee to be obtained. All loans to be covered under CGSSI (Credit Guarantee Scheme for Stand-Up India Scheme)
• Repayment Period : Maximum of 7 years (including moratorium period upto 18 months)
• Processing Fee : 0.20% of loan amount (plus GST as applicable). No other charges are proposed to be recovered.