With an intention to increase foot print in micro enterprises export space presented this scheme.

Scheme for financing Micro units engaged in Export

The export segment is one of the thrust area for growth for country, bank and MSME segment and it has been decided by our Bank to diversify the portfolio base by targeting Micro Enterprises engaged in exports.With an intention to increase our footprint in micro enterprise export space, we are launching a separate scheme for Export Credit exclusively for Micro Enterprises.

Eligibility
Document Required
Interest rates & charges

Scheme for financing Micro units engaged in Export : Eligibility

Eligibility

All new (including takeover from other Banks) /existing Micro enterprises units engaged in exports.
Proprietorship, Partnership, Private Limited Companies, Public Limited Companies, LLP.

Purpose

Export credit working capital requirements.

Age Criteria

Minimum Age-25 years –for Proprietor of Proprietorship Firm and 21 years-Individual Guarantor, at the time of Loan application.

Maximum Age- 65 years at the time of Loan maturity.

Facility Type

FB (Pre-shipment/ Post-shipment) / NFS limits.

Loan Amount

Minimum – Rs 5.00 Lakhs

Maximum – Rs. 7.50 Crores

Period

As per the working capital cycle I debt collection cycle of the borrower with a maximum of 270 days for Packing Credit and 180 days for Post-shipment credit. Branch to ensure that the advance is provided considering working capital cycle, i.e. the manufacturing / shipment schedule, etc.