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Report
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20/05/2013
WE-BIZPAD---BOI SME
20/05/2013
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Eligibility


Women Entrepreneurs
Enterprises where women hold minimum 51%
financial holding
20/05/2013
STAR PRIYADARSHINI YOJNA
Purpose




Economic activity
Purchase of equipment, machinery, vehicle, furniture
& fixture - capital investment & working capital needs
Agriculture & allied activities
Education loan for courses in respective field of
business
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Loan amount
 Need based
 Based on project cost/turnover
20/05/2013
STAR PRIYADARSHINI YOJNA
Margin
 Limit upto Rs. 50000/- --nil
 Over Rs. 50000/ -----15%-20%
Repayment
 3 years to 7 years as per activity
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Interest Rate Concession



20/05/2013
STAR PRIYADARSHINI YOJNA
0.50% less for limit upto Rs.50,000
1.0% less for limit over Rs.50,000
No interest concession for DRI advance and crop loan
Security


No collateral upto limit of Rs 10.00 lakh
CGTMSE cover available for limit upto Rs 100.00
lakh
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Target Group
Educational Institutions viz., Universities , Colleges , Schools
20/05/2013
STAR SME EDUCATION PLUS
Purpose
 Construction/ Renovation / Repair
of building. Approval for
construction/ addition/ alteration from all the concerned authorities must
be in place for considering the credit facility.
 Purchase of Computer, lab equipment, Furniture & Fixtures, books etc.
Quantum of Loan
 Minimum Rs.10 lac and Maximum Rs.500 lac
Nature Of Facility

Term Loan
Margin

Minimum 20%
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Eligibility





The institutions must have got necessary approval
from Government / Government agencies for running
the educational institution
They should submit 3 years audited financial
statements
They should be profit making for continuous 2 years.
New and upcoming educational institutions can also
be considered in which projections, must be
reasonable and justifiable.
Entry level credit rating is SBS 5.
20/05/2013
STAR SME EDUCATION PLUS
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Rate of Interest

As per prevailing rate of interest structure
20/05/2013
STAR SME EDUCATION PLUS
Repayment


Term Loan to be repaid in maximum 8 years inclusive of initial
moratorium of 12 to 18 months.
Periodicity of installment to be determined on the basis of cash flow.
Security



Primary:
Hypothecation of assets, if loan is considered for machineries /
equipments.
Mortgage of land & building over which construction is proposed
Collateral:
Suitable collateral to be obtained so that minimum Asset Cover of 1.50 is
available. Guarantee of key person/promoter/trustee must be taken.
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Target Group


Proprietorship / Partnership firms, Limited Companies falling
within the new definition of SME.
Engaged in the business for the past 3 years with audited
financial statement of accounts .
20/05/2013
STAR SME LIQUID PLUS
Purpose

General purpose term loan for SME constituents.
Nature of Facility


The safety of this advance will substantially depend on
cash flow arising out of activity being financed.
It should be ensured that the profits generated / anticipated
to be generated turns into liquid cash to service the loan.
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Eligibility



20/05/2013
STAR SME LIQUID PLUS
The borrower should have known source of funds to pay
for the margin and initial recurring expenses.
Should be profit making for the last 2 years
Entry level credit rating SBS 5
Loan Limit


Minimum : Rs.10 lacs
Maximum : Rs.500 lacs
Appraisal of Loan

50% of unencumbered value of the property under
offer or 75% of actual requirement for the stated
purpose which ever is less. Margin to be taken
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accordingly.
STAR SME LIQUID PLUS
20/05/2013
Repayment
 84 installments inclusive of moratorium period of up to 12
months.
 Interest to be serviced as and when debited.
Rate of Interest
 As per prevailing rate of interest structure
Security
 Primary: Hypothecation of assets or mortgage of land , if loan is
considered for that purpose. If no assets are created then it should
be treated as clean.
 Collateral: Equitable or Registered Mortgage of Residential /
commercial property (1st charge)
either of borrower or of
guarantor.
 Following conditions with regard to property under offer should
be fulfilled ;
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• It should not be an agricultural property
• It should not be a vacant land
Target Group

20/05/2013
STAR SME CONTRACTOR CREDIT LINE
Civil Contractors, Mining Contractors, Engineering
Contractors, Transport Contractors etc established as
through Proprietorship / Partnership firms, Limited
Companies .
Purpose
For meeting working capital needs
Nature of Facility
 Line of Credit by way of fund based working capital
limit, Bank Guarantee/ letters of credit

Quantum Of Limit
 Minimum Rs.10 lacs and Maximum Rs.500 lacs
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Eligibility



Engaged in the business line at least for the last 3 years
Having Audited Financial Statements
Entry level credit rating should be SBS 5.
20/05/2013
STAR SME CONTRACTOR CREDIT LINE
Margin


Minimum 20% for fund based facility. Though the limit will
be treated as unsecured, contractors will have receivables
which should be charged to the Bank and a margin of 20%
maintained there against.
Minimum 15% cash margin for non-fund based facility
Appraisal Of Loan


30% of last two years average turnover.
Of this, 2/3rd will be used for Fund Based facility and 1/313rd
for Non-fund based facility such as BG/LC.
Rate of Interest

As per prevailing rate of interest structure
20/05/2013
STAR SME CONTRACTOR CREDIT LINE
Security


Primary:
First charge on the unencumbered assets of the
company/firm both current and fixed assets.
Collateral:
Suitable collateral to be obtained so that asset cover of
1.50 is maintained.
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Target Group

All existing SME units, as per new definition, run by
Individuals, Proprietorship / Partnership firms,
Limited Company, Trust, Society.
20/05/2013
STAR SME AUTO EXPRESS
Purpose



To purchase transport vehicles for delivering their
products / Services.
Educational institutions also eligible for transport
vehicles for providing transportation services to
students / faculty / staff.
Only new vehicles will be considered. Second hand
vehicles not permitted under the scheme.
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Nature Of Facility

Term Loan
20/05/2013
STAR SME AUTO EXPRESS
Items To Be Financed
 Chassis + Body building costs + registration , insurance ,
road tax, accessories AMC etc.
Appraisal Of Loan
 The economic viability should be worked out as per the
overall income generated and surplus for loan installment /
interest payment from the existing business operation of
the unit.
 Average DSCR should be minimum 1.25.
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20/05/2013
STAR SME AUTO EXPRESS
Eligibility
 The
unit / borrower should have sufficient net
worth/source of funds to pay for the margin and initial
recurring expenses. Conduct of the existing account must
have been satisfactory.
 Entry level credit rating should be SBS 5.
Repayment
 To be repaid in 84 equated monthly installments inclusive
of moratorium of maximum 3 months.
Margin
 20% of the cost of vehicle on road
Rate of Interest
 As per prevailing rate of interest structure
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Security


Primary:
Hypothecation of the vehicle purchased out of the
proceeds of the loan. Bank’s name as charge
holder to be got entered in the books of the
RTO and also the Registration certificate.
Collateral:
Micro and Small (Services Enterprises), can be
sanctioned collateral free term loan up to Rs. 100
lakhs, subject to coverage under guarantee
provided by (CGTMSE) Credit Guarantee Fund
Trust for Micro & Small Enterprises. For loans
above Rs 100 lakhs , suitable collateral security
to be obtained depending upon the merits of
individual cases.
20/05/2013
STAR SME AUTO EXPRESS
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