Laghu Udhyami Credit Card Scheme (Lucc) | "Tatkal Vyapar Suvidha"- Scheme | General Purpose Term Loans | "SME Smart Score" Scheme | "Artisans Credit Card | Scheme For Beauty Parlour | Sbbj Tourism Plus | Sbbj Shoppe | Car Loan To SME Units | Mortgage Advance | Working Capital Requirements Of SMEs | Medium Term Loan Requirements Of SMEs | Term Loan Requirements Of SMEs | SBBJ Transport Operators Scheme | SBBJ Professional Plus

"ARTISANS CREDIT CARD" SCHEME

PURPOSE

To provide adequate and timely credit facility to small and tiny units of artisans for their investment as well as working capital needs.

ELIGIBILITY
Artisans, not benefited under other Govt. loan schemes, involved in production / manufacturing.

Thrust on clusters of Artisans and SHGs.
Preference to Artisans registered with Development Commissioner (Handicraft).
Existing Artisan borrowers enjoying credit facility upto Rs.2 lac and having satisfactory dealings with the Bank also eligible.

NATURE OF LIMIT
Term Loan and Cash Credit.

AMOUNT OF LOAN
Maximum Rs.2.00 lac

VALIDITY
Part of the limit used for purchase of tools and equipments payable in three years. Remaining amount to be paid as a revolving cash credit limit, should be reviewed every year.

MARGIN
Upto Rs.25000/ - - Nil.
Over Rs.25000/ - - 20%.

Fixation of Credit Limit

Term Loan – Need-based.
Working Capital – Minimum 20% of anticipated turnover.(Nayak Committee)

PRIMARY SECURITY
Hypothecation of assets financed by Bank.

COLLATERAL SECURITY
Nil.

SCHEME FOR BEAUTY PARLOUR

Under this innovative scheme, loans upto Rs. 20 lacs are granted to Beauticians and business enterprises for the purpose of purchasing equipment, repairing, renovations, interior decoration of business premises and/or for working capital requirements for Beauty Parlours. A concession of 0.5% in interest rates (below the regular rate) is given to women enterpreneurs.

PURPOSE
For purchase of equipment, repair, renovation, interior decoration, furniture & fixtures, computers, electrical installations, AC, coolers, etc. and for working capital.

ELIGIBILITY
Beauticians having minimum 2 years of proven experience or having degree/diploma from a Polytechnic / reputed beauty institute / organisation.. The constitution of the applicant can be individuals and partnerships / joint ventures of such professionals.

QUANTUM OF LOAN
Composite requirement (TL+WC limits) shall not exceed Rs.20 lacs .

MARGIN

Limits upto and inclusive of Rs.25000 : No margin
Limits exceeding Rs.25000 : 15-25 %

REPAYMENT

3 to 5 years.

SBBJ TOURISM PLUS

PURPOSE

Finance provided to all activities which help in giving a fillip to tourism

• Construction/Renovation/ Modernization/Expansion of hotels, rest houses, Yatri Niwas.

• Establishment of handicraft/curios and other shops.

• Construction of office premises, purchase of office equipment and computers by travel agents/ tour operators.

• Purchase of vehicles (Luxury buses, Coaches, Cars, Vans)at tourist sites.

• Purchase of elephants, horses and mules for tourism.

• Purchase of ships for carrying tourists at coastal areas.

• Setting up of restaurants/ coffee houses/ ice-cream parlours/ fast food centres, amusement parks/rope ways, health clubs/ spas, etc.

ELIGIBILITY
Individual (proprietorship), Partnership Firm, Limited Company, Trust.

QUANTUM OF LOAN
NO minimum & maximum limit.

MARGIN
20%.

SECURITY

Primary Security - Hypothecation of assets purchased out of Bank's loan.
Collateral Security - Tangible collateral in the form of immovable property, TDRs, NSCs, KVPs, LIC policy etc. may be obtained at least equivalent to 50% of the total loan amount.