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"TATKAL VYAPAR SUVIDHA"- SCHEME FOR PROVIDING SPECIAL CONTINGENCY LOAN FACILITY TO RETAIL TRADERS AND SMALL BUSINESS

PURPOSE

To meet additional funds requirements over and above the normal requirements for various purposes such as for maintaining higher stocks, for making advance payment to suppliers, payment of sales tax and other taxes etc.

ELIGIBLE BORROWERS
All traders and small businesses enjoying credit facility with the Bank.

QUANTUM OF FINANCE & PERIOD
20% of fund based working capital limits for a maximum period of 45 days in each instance, to be extended only twice a year.

GENERAL PURPOSE TERM LOANS TO SSI SECTOR

State Bank of Bikaner & Jaipur provides term loan to Small Scale Industries for meeting general commercial purpose such as shoring up of NWC, capital expenditure, substitution of high cost debt, research and development expenditure, quality upgradation to ISO standards, etc.

ELIGIBILITY
The SSI unit that takes the loan should not have any history of default in payment of interest/installments of the principal. The unit should have earned pre-tax profits in each of the immediately preceding 3 years.

QUANTUM OF LOAN
Upto Rs.50 lacs.

MARGIN
Minimum margin of 25% for loans for acquisition of land and building, construction of building , upgradation and renovation of offices, showrooms, godowns, purchase of equipments, vehicles, etc.

SECURITY
Extension of hypothecation charge over current & fixed assets is required as Primary Security. Further in case of borrowers availing loan of more than Rs.5 lacs, the possibility of additional collateral security such as immovable property or third party guarantee may be explored. In all cases, personal guarantee of Prop./Partners/Promoters have to be furnished.

REPAYMENT
The General Purpose Term Loan shall be repayable normally in three years and in deserving cases upto 5 years as per normal cash generation cycle.

"SME SMART SCORE" Scheme

Purpose

  To simplify the loan approval process.
  To cut down the delays in loan approval.
  To introduce consistency in approvals and eliminate subjective assessments.

Eligibility
Small and medium industrial and trading enterprises.

The model is based on a set of characteristics, which are grouped as Personal, Business & Collateral with maximum score of 100. An eligible borrower should get minimum score of 60 out of 100 and 50 % in each group. For renewal, minimum score should be 60%.

Quantum of Loan
Minimum of 20% of projected sales for working capital and 67% of project cost for term loans within the overall limit of Rs.5 lacs and maximum below Rs.25 lacs. Higher quantum can be fixed based on subjective assessment.

However, if the borrower is unwilling to take up minimum, the loan amount can be lowered but in such case, the branch should get fully satisfied about the ability of the borrower to bring the needed funds.

Non fund based facilities can also be sanctioned on best judgment basis within the discretionary powers delegated to the Sanctioning Authority.

REPAYMENT OF TERM LOAN
Maximum 5 years including gestation period not exceeding 6 months.

RENEWAL OF WORKING CAPITAL
Annual.

OVERRIDE
Scheme is available only if :-

Chief promoter’s age is below 60 years.
He belongs to local area or his antecedents can be verified with satisfaction.
He is not defaulter of the bank in loans/guarantee.
All clearances including Environment clearance have been obtained.