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Charter For Small Scale Industries : SSI |
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- Simple loan
application forms introduced.
- Acknowledgments
for receipt of loan application by branch.
- Time norms for
disposal of loan applications as under :
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S.no. |
Particular |
Duration
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A |
Upto Rs.
25,000 |
2 Weeks
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B |
Over Rs.
25000 & upto Rs. 5 lacs |
4 Weeks
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C |
Over Rs.
5 lacs |
8-9 weeks
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- No collateral
security for advances for upto Rs. 5 lacs.
- No collateral
security for existing borrowers over Rs. 5 lac and upto Rs.
15 lakh based on good track record and financial position.
- For loans
sanctioned without collateral security /third party
guarantee for advances upto Rs. 25 lacs , guarantee cover is
available under Credit Guarantee Scheme floated by CGTSI for
SSI, for which fees will require to be borne by the
borrower.
- Composite loan
upto Rs. 50 lakh is sanctioned to SSI units.
- Loan quantum :
Minimum 20% of projected annual sales turnover .
- Margin (Stake of
borrowers)
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