State Bank of India presents Smart SME Products for Smart Businesses. SME Products.
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Product provides loans for the micro enterprises including SSI units, small business enterprises, professional and self employed persons, small retail traders, transport operators etc for meeting any kind of credit requirement including purchase of shops, maximum limit being Rs 10 lakhs including term loan & working capital loan. The loan will be sanctioned for 3 years with an annual review. This product has simplified sanction process without requirement of elaborate financial data.
The borrower will be provided a photo identity card and a passbook giving details of the limit and validity of the facility. A cheque book marked as SME Credit Card and a pass book would be issued to the customer.
The Loan product is for units in Micro and Small Enterprise sector in manufacturing trade and services segments to meet working capital needs and for acquisition of fixed assets. A simplified appraisal model has been developed to standardize the appraisal process for loans upto Rs 50 lakhs in SSI sector and upto Rs 25 lakhs for trade and services sector available with attractive interest rates. The loan will be sanctioned for 2 years with an annual review.
The scheme envisages grant of interest free loan as equity assistance towards part of margin requirements of the project, to assist eligible professional and technically qualified entrepreneurs setting up new Micro and Small enterprises and units covered under the Bank’s Project uptech for technology upgradation.
Equity assistance is up to a maximum of Rs.10 lakhs. Professional and Technically qualified persons will cover doctors including dentists, engineers, and management graduates etc. The interest free loan is repayable in 3 years with a moratorium period of 5-7 years.
This product is for existing borrowers for any general commercial purpose such as shoring up of Net Working capital, substitution of high cost debt, R&D, ISO certification etc, subject to disbursement being made in line with the specific purpose approved. Maximum loan available is Rs 50 lakhs repayable in maximum period of 5 years.
A pre-sanctioned term loan with limit upto Rs 2.5 crore for existing or new corporate or non-corporate customers in manufacturing sector and upto Rs 1 crore for hotels, hospitals, educational institutions in service sector.
The scheme provides option of multiple disbursements for multiple purposes like expansion/modernization, substitution of high cost debt, up-gradation of technology, energy conservation system, acquisition of software, hardware, visits abroad for acquiring technology, finalizing deals, participation in fairs, market promotion etc.
The sanctioned limit is valid for 1 year. Margin requirement is 10%.
The borrower can utilize pre-approved sanction to plan capital expenditure and negotiate with suppliers of machinery and finalize best possible contract.
The scheme provides term loan for all existing customers and established non customers (subject to takeover norms of the Bank) in manufacturing sector for repayment of high cost debt, VRS scheme expenses, on going capital expenditure such as replacement of parts of machineries, upgradation and renovation, shoring up of net working capital, R&D expenses, acquisition of tools jigs etc.
Quantum of Finance is minimum Rs.25 lakhs and maximum Rs.10 crores for non Corporate and no cap for Corporate borrowers. No Margins are required under the scheme.
A maximum of three corporate loans can be outstanding per borrower at any point of time.
For existing and new borrowers this scheme provides a clean cash credit facility to meet contingencies, sudden and unforeseen expenditures like repairs, meeting bulk orders, tax payments, mismatch in cash flows etc.
Under the scheme 20% of aggregate WC or max Rs.25 lakhs fund based limit can be availed. Margins are not required and interest rate will be same as applicable to cash credit limit.
The facility is repayable in 2 months and can be availed for 12 times a year
Under this 15% of aggregate Working Capital or max Rs.5 crore can be availed. Margins as applicable to original limit.
The facility is repayable in 2 months and can be availed any number of times in a calendar year
Term loan for acquisition of machinery/factory building for modernization/ expansion and working capital needs of Rice Mills engaged in milling, sorting, grading and polishing. No upper ceiling on loan amount.
Term loan for Dal mill owners for acquisition of machinery, factory building, modernization and all working capital needs.
Collateral free loan for viable projects of micro and small enterprises in manufacturing and service sector with maximum guarantee cover up to Rs.1.00 crore under CGTMSE guarantee scheme for working capital & Term Loan (FB+NFB) facilities.
Easy loan for specific business needs of traders, wholesalers and professionals, self-employed, small business enterprises, agents engaged in purchase and sale of food grains, commodities, cold storage units, having collaterals like land, buildings and liquid securities.
Loan can be availed for normal day to day business requirements or for purchase of equipments/ fixed assets. Loan is available upto Rs 5 crore with very competitive rate of interest.
Term Loans to well established whole sale and Retail Traders, distributors, stockists, construction, transport & supply contractors, hospitals, nursing homes, clinical labs, resorts, travel agents etc for any general purpose such as holding of stocks, book debts, acquisition of land and building, renovation of office/showroom, purchase of vehicles, equipment etc.
Repayable in 3-5 years but in deserving cases extendable up to 8 years.
Maximum loan Rs.1.00 crore.
Loans to Doctors for setting up clinics/ nursing homes, Pathological Labs, drug stores, ambulances, computers, vehicles including expansion/ renovation of existing premises etc.
Available for all streams viz. Allopathy, Homeopathy, Ayurvedic etc. Low Margins at 10-15%, with loans up to Rs.5.00 crore. repayable in 7 years.
Term Loans to educational institutions including primary and higher secondary schools, graduation, under-graduation and post-graduation colleges, technical institutes recognized by AICTE/NBA/MCI available for purchase of land and building, repairs/ renovation, furniture, equipment, computers, vehicles, purchase of books/manuals/software and other training material, sports equipments, equipment for mid day meals scheme etc.
Margins 15%, concessions in interest rates, repayable in 7 years.
Loans for present and prospective owners of shops/ offices/ show-rooms/ training centres/ service centres/ garages/ offices for Chartered Accountants/ Consultants for the purchase / repair/ renovation of new/ old shops/ establishments/ offices/ dealer’s showroom etc.
Maximum Term loan available is Rs 20 lakhs repayable in 3-7 years.
Loan to individuals/ proprietors/ partners etc with a steady source of income and possessing necessary approvals for construction of their residential house and for construction of office/shop, purchase of furniture, equipment, etc.
Loan is given for purchase of residential houses and for office space as well. The scheme is a combination of housing loan and SBI Shoppe for professionals and self employed entrepreneurs.
The loans are repayable in maximum period of 7 years. Simple sanction process.
Term loans for purchase of new transport vehicles at cost on road basis and working capital facilities against the receivables. Loans are available for surface transport operators owning more than 10 well maintained and road worthy vehicles including trucks, tankers, tippers, luxury buses.
Margins 20% for term loans and working capital loans. Concessions in interest rates are also available.
The scheme provides loans to Artisans to meet their credit requirements both for investments as well as working capital in a flexible manner at liberal rates of interest.
A photo Id card and a passbook will be issued and the limit is valid for 3 years subject to annual review.
Beneficiaries registered with the Development Commissioner (Handicrafts) will be eligible for insurance cover under group guarantee scheme for which premium will be paid by the government and the beneficiaries in the ratio of 60:40.
Maximum loan under the scheme is Rs. 2.00 Lakh
No collateral security is required. Loans will be covered under CGTMSE scheme, the fees for the same will be reimbursement by the Development Commissioner (Handicrafts, Ministry of Textile, GOI)
For women entrepreneurs in Retail trade, Business enterprises, Professionals and self employed, small scale units or tiny units where the women entrepreneur’s stake is more than 51%, Term Loan & Working Capital facility is available with concessionary margins and interest rates.
Loan is given for purchase of residential house and for office space as well.
The scheme is a combination of housing loan and SBI Shoppe for professionals and self employed entrepreneurs. The loan is to meet the liquidity mismatches of the borrowers business
Term Loan for purchase of construction equipments viz. loaders, excavators, cranes etc., for contractors and firms engaged in construction activity.
Loan is not available for purchasing old machinery/ vehicles.
Maximum loan available is upto Rs 25 crore with minimum margin applicable upto 15%.
Tenure of loan can be extended upto maximum of 4 years.
SME Current Account holders of the Bank or their family member either in their own name or in the unit’s name, and other SME clients subject to obtaining a NOC from the bank where they might have a loan account, are also eligible.
MCG units of the Bank will also be eligible for the product.
Loans available for used cars also.
Supply Chain Financing is an online collaborative platform for the banks, buyers and sellers for transactions and financing across the financial supply chain.
The scheme provides for financing receivables of vendors of reputed Corporates/ Industry majors (IMs). The scheme is a completely web based solution with minimal branch intervention and provides instant credit to vendors account electronically. This enables both the Industry Majors and their vendors to achieve the objective of Just In Time production. The vendors enjoy timely availability of funds.
The scheme provides for financing purchases of Dealers from Corporates/Industry Majors (IMs). It is a completely web based solution with customized MIS provided to the stakeholders. The Industry Major enjoys timely availability of funds. The dealer can make effective utilization on working capital funds. Both Industry Major and dealer can make use of improved cash flow forecasting.
A special Current account for entrepreneurs having small means and who are otherwise not able to have an account with the Bank. They can open account with us with a Quarterly Average Balance of Rs.1,000/- only.
To cover that section of non-individual customers who have surplus funds for investments, but at the same time need the Convenience of liquidity. Accounts under SURABHI Scheme are Savings Bank/Current Accounts with auto sweep and reverse sweep facility.
A complete IT solution to Corporate needs. The dealers/retailers can pool periodical remittances in the pooling account of their service/commodity major with customized MIS availability.
A one stop solution for Fee Collection of educational institutions, recruitment agencies and other SME customers. The highlight of the product is that the funds could be transferred without the remitter having an account in our bank. We have also customized Power Jyoti for brokers.