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Academy of Excellence
ENTERPRISES GROUP
SME as per expanded definition. Borrowers falling under Real Estate, Power,
Education & IT sector are not eligible.
ELIGIBILITY CRITERIA
Satisfactory credit rating for the last three years (BOB-5 & above) and for 4 half
years in case of accounts where credit rating is done half yearly. Accounts with
continuous decline in rating will not be eligible
Latest Balance Sheet etc. should be available.
Satisfactory financial performance in terms of sales / turnover and profits.
Negative variance, if any, should not be more than 10 %.
Satisfactory dealings with the Bank for at least 3 years.
No major inspection irregularity
Academy of Excellence
Min
Max
10 lacs
250 lacs
Academy of Excellence
Academy of Excellence
Academy of Excellence
Limit BOB4
Min
Max
25 lacs
500 lacs
Academy of Excellence
Upto 25 Lacs
BH Scale IV
BH /Executives V
BH /Executives VI
Zonal Heads / GM
Academy of Excellence
Academy of Excellence
Academy of Excellence
Academy of Excellence
Academy of Excellence
Academy of Excellence
Academy of Excellence
Academy of Excellence
Academy of Excellence
Academy of Excellence
MARGIN
25 % of the cost of the project.
REPAYMENT PERIOD
Maximum 84 months including moratorium period of 2
year, depending upon the cash flow.
TEV study not required.
RATIOS:
C/R-1.17(MSE), 1.20(ME), 1.33(SME-EXP)
DE RATIO- 4.5:1/3:1(TOL:TNW/TTL:TNW)
DSCR: 1.75(AVG)/1.25(MIN.)
Academy of Excellence
RoI
UP TO RS. 5 CRORES
BR+1%
BR+2.25%
The above given Rate of Interest shall generally be lower as the lowest rate as per
Credit Rating for Micro Enterprises with CR-1 rating is BR+1.40%.
Academy of Excellence
Academy of Excellence
Academy of Excellence
LIMIT
Rural Centers - Rs. 0.50 crores
Semi-Urban Centres - Rs. 6.00 crores
Urban & Metro Centres - Rs. 12.00 crores
Working Capital limits upto 10 % of the annual sale or gross
income, subject to 20 % of the above ceiling limits in case of
borrowers requiring both Term Loan and working capital
facilities.
In case of borrowers requiring only working capital limit, 20 % of
the above ceiling limit.
Academy of Excellence
Period: 06 months
Limit: 50% of the increased portion of assessed
& approved working capital limits (Fund & Nonfund Based) for the next financial year can be
availed in the beginning of that year.
Security : Extension on Existing Security
Academy of Excellence
Academy of Excellence
Academy of Excellence
CAPEX LOAN
of When CAPEX Card limit not
assessed at regular review/
sanction
Competent Having
power
to Having financial powers to
Auth.
sanction
regular+ sanction the aggregate of the
proposed CAPEX card regular credit limits and the
limit
proposed CAPEX Card
Academy of Excellence
CAPEX LOAN
Assessment/
Justification
No
separate
assessment At the time of sanction
/justification required at the time
of sanction. Justification to be
obtained at the time of
disbursement.
Frequency
SecurityPrimary
Collateral
As per sanction
Documentatio
n
Academy of Excellence
assets
Guarantee/extn of charge on
existing securities
Academy of Excellence
Eligibility
Any individual taking up non farm entrepreneurial
activity across the country eligible for classification
under the priority sector guidelines
Individuals will not be eligible if he/she has been
issued any type of credit card such as :
Academy of Excellence
Academy of Excellence
Documents
D P Note
Hypothecation of assets financed out of the loan
under the Scheme.
Letter of installment, in case of loan availed for
purchase of tools and equipments/Machinery.
In case of working capital requirement quarterly
stock/Book Debt to be submitted. Book debt
statement to be certified by Chartered Accounts
annually in case of finance against Book Debts.
Any other relevant documents as per extant
guidelines
Academy of Excellence
Rate of Interest
Limits
Micro Enterprises
Small Enterprises
Up to Rs. 50000
Academy of Excellence
Repayment
Term / Demand Loan: Maximum 84 months with -12months moratorium
Working Capital: For 12 months subject to annual
review.
Academy of Excellence
Other Conditions
The card should be used by the Card holder
The card should not be allowed to be used by any
other person on his behalf nor the card be handed
over or transferred to anyone.
In case of loss of card, the same procedures to be
followed as applicable for BOBCARD. Loss of card to
be informed to police station and copy of FIR to be
submitted to the Branch.
Cards are being issued by MSME Department, BCC to
regional offices for onward distribution to branches,
based on their potential.
Academy of Excellence
Academy of Excellence
Academy of Excellence
ACTIVITY CLEARANCE:
Required for Oil Mills as per Loan Policy guidelines.
Academy of Excellence
Original RoI*
Revised RoI **
Micro Enterprise
BR+1.25%
BR+0.75%
BR+0.75%
SME expanded
BR+2.75%
As per Credit
Rating
BR+1%
BR+ 1.25%
MARGIN:
Stock & Book Debts: 25%
Plant & Machinery : 25%
Land & Building
: 30%
EXTERNAL RATING:
Minimum BB (deviating from existing policy of Min BBB)
can be accepted in case of take over accounts.
In case of unrated, a minimum of BOB 5 (duly validated
as per norms) may be accepted by sanctioning authority,
to be permitted by not below than Regional Head.
In such case borrowal unit to undertake to get it done
through an approved agency within 3 - 6 months.
Academy of Excellence
Academy of Excellence
Academy of Excellence