State Bank of Mysore

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Micro and Small Enterprises -MSEs

               Application for MSME Loan up to Rs.100 lacs

Schemes for financing Micro and Small Enterprises (MSEs)            

  • MSME Accounts- Application Received, Sanctioned and Rejected    
          September 2013      December 2013      March 2014         June 2014 September 2014
  • Rehabilitation of sick MSE units
           September 2013     December 2013       March 2014        June 2014 September 2014
State wise roadmap for increase of credit to minority over the next two years
List of MSME Care centres asross the Bank
MSE Collateral Free Loans- PMEGP
Simplified Common Loan Application-MSE Sector upto Rs.25.00 lacs
Link to MSME Credit monitoring Cell
SBM SCHEME FOR ONE TIME SETTLEMENT OF NPAs of SME ( OTS-SME).
Credit Guarantee Fund Trust Scheme for Micro, Small & Medium Enterprises (MSEs)
Retail Trade- Advances to Retail Traders (Other than Fertilizers & Mineral Oils)
MSEs- Service Sector (Small Business Enterprises)
Laghu Udyami Credit Card Scheme
Stree Shakthi package for Women entrepreneurs
MyBank Sanchari Suvidha- Finance to Hotels, Restaurants and Lodges
Mybank Doctor -New product to assist Doctors & Medical professionals for setting up Clinic/Nursing Home
SME Credit Plus
Green Auto
Stand-by-line of Credit (Term Loan) for SSI and C&I Borrowers
Reimbursement Facility under Term Loans: (SIB and C&I Segment borrowers)

Micro and Small Enterprises (MSEs)– Definition of Micro, Small and Medium Enterprise Manufacturing and Service Segments.


Manufacturing Sector Services Sector
Micro Enterprise The investment in Plant and machinery ( Original Cost) does not exceed Rs 25 lakhs The investment in Equipment does not exceed Rs 10 lakhs
Small Enterprise The investment in Plant and machinery ( Original Cost)is more than Rs 25 lakhs but does not exceed Rs 500 lakhs The investment in Equipment is more than 10 lakhs but does not exceed Rs 200 lakhs
Medium Enterprise The investment in Plant and machinery ( Original Cost) is more than 500 lakhs but does not exceed Rs 1000 lakhs The investment in Equipment is more than Rs 200 lakhs but does not exceed Rs 500 lakhs

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CREDIT GURANATEE FUND TRUST SCHEME FOR MICRO & SMALL ENTERPRISES (CGTMSE)

SALIENT FEATURES:
CGTMSE was set up jointly by GOI and SIDBI
The scheme is extended to all New and Existing units of Micro and Small Enterprises

The scheme is available both under Manufacturing Sector and Service Sector

Eligible loan limit is up to Rs. 100.00 lakhs

No collaterals including the third party guarantee

The loans to Micro enterprises up to Rs.5.00 lacs the max guarantee cover will be 85% of amount in default/Max 4.25 lakh and loans to MSE for credit facility upto Rs.50 lakh operated by women entrepreneurs are covered up to 80% of amount in default/max Rs.40 lakh

The Maximum guarantee cover where credit facility above Rs.5 lakh upto Rs.50 lakh is 75% of amount in default/max Rs.37.50 lakh

Above Rs.50 lakh upto Rs.100 lakh Rs.37.50 lakh plus 50% of
amount in default above Rs.50 lakh/max 62.50 lakh

One Time upfront guarantee fee has to be paid within one month from date of first disbursement/demand advice date whichever is later and Annual Service fee at specified rate on the credit facility has to be paid to the Trust before 31st of May every year

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Loans to Micro & Small Enterprises (MSEs)

Eligibility
Any individual / partnership firm / Public or Private Ltd. Companies desirous of promoting MSEs (Manufacturing sector) with investment in Plant & Machinery not exceeding Rs. 5 crore and Medium Enterprises with investment in plant & Machinery is above Rs. 5 Crore and upto Rs. 10 crores.

Extent of Finance
Need based (both fund based and non-fund based)

Margin
Working Capital/ Medium Term Loan
a) No margin up to Rs.25000/-
b) Credit limit over Rs.25000/-

Flexible approach:15% - 25% depending on the merits of each case

Security
Primary:
i)   Assets created out of Bank finance

Collateral:

  • Obtention of collateral Security exempted
  • Up to Rs. 5 lacs
  • Over Rs. 5 lacs and up to Rs. 25 lacs, based on good track record and satisfactory financial position
  • Over Rs.25 lacs at the discretion of the Bank

Interest
As per prevailing rates from time to time

Export Finance
  • Establishment of Letter of Credit
  • Pre-shipment finance
  • Post-shipment finance
  • Assistance against Duty draw back

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Small Business Finance
Retail Trade- Advances to Retail Traders (Other than Fertilizers & Mineral Oils)

Eligibility
All types of Retail Traders are eligible. Persons who propose to start retail trade business, fair price shop, consumer co-operative stores are also eligible for finance

Extent of Finance
Credit limits up to Rs.20 lacs

Rate of Interest
As per prevailing rates from time to time

Margin
No margin up to Rs.25000/-
15 to 25 percent, for credit limits exceeding Rs. 25000/-

Security
Assets created out of Bank’s finance
Collateral security as per Bank’s norm

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Small Business Enterprises 

Eligibility
Individuals and firms managing a business enterprise established mainly for the purpose of providing any service other than professional services.

Extent of Finance
Individual limits for working capital will be fixed depending upon the requirement of activities pursued. Advances for acquisition, construction, renovation of House Boats and other tourist accommodation will be financed. Advances for distribution of mineral oils will also be considered under this category

Rate of Interest
As per prevailing rates from time to time

Margin
No margin up to Rs.25000/-
15 to 25 percent for credit limits exceeding Rs.25000/-

Security
Assets created out of Bank’s finance
Collateral security as per Bank’s discretion

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Professionals & Self-Employed persons
Eligibility
Medical practitioners including Dentists, Chartered Accountants, Cost Accountants, practicing Company Secretary, Lawyers or Solicitors, Engineers, Architects, Surveyors., Construction Contractors or  Management consultants

Extent of Finance
Professional and self employed persons are eligible for assistance up to Rs.10 lacs of which not more than Rs.2 lacs should be for working capital requirements. However, in case of professionally qualified medical practitioners, financial assistance will be up to Rs.15 lacs for working capital limits for setting up practice in semi-urban and rural areas

Rate of Interest
As per prevailing rates from time to time

Margin
No margin up to Rs.25000/-
15 to 25 percent for credit limits exceeding Rs.25000/-

Security
Assets created out of Bank’s finance
Collateral security as per Bank’s norms

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Transport Operators
Eligibility
Advances to Small Road and Water Transport operators.

Extent of Finance
Not exceeding Rs 200 lakhs

 Rate of Interest
As per prevailing rates from time to time

 Margins
No margin up to Rs.25000/-
15 to 25 percent for credit limits exceeding Rs.25000/-

Security
Assets created out of Bank’s finance
Collateral security as per Bank’s norm

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Laghu Udyami Credit Card Scheme

Eligibility
Small businessmen, retail traders, artisans, Small industrial units including those in Tiny sector, Professionals and self employed persons, enjoying working capital up to a limit of Rs 10 lacs.
Limit
Fixed at 20% of annual sales turnover declared in Income Tax/Sales Tax returns
Professionals and Self- employed persons are eligible for credit limits up to 50% of their gross annual income, as declared in their income- tax return

(The assessment norms in vogue is as per the Nayak Committee recommendations)

For units above Rs. 2 lacs and up to Rs. 10 lacs, scoring model method will be followed.Those who score more than 60% would qualify for coverage under the scheme

Primary security
Hypothecation of stock in trade, receivables, machinery, office equipment etc.,

Collateral Security
As decided by the Bank

Margin
25%

Validity
Valid for 3 years. Half-yearly review will be done on the basis of last 12 months turnover in the account

Interest
As per prevailing rates from time to time

Insurance
Insurance cover is waived for limits up to Rs.25000/-.

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RICE MILL PLUS
We have introduced a New product named as ‘RICE MILL PLUS’ with a liberalized approach viz lower margins, lower rate of interest linked to extent of collaterals made available.
The scheme envisages coverage of all existing units with proven track record and take over of units subject to compliance with takeover norms. The new units can also be accommodated on case to case basis.

We have adopted simple scoring model.  The limit up to and inclusive of Rs.10.00 lakhs for all MSE accounts should be collateral free and covered under CGTMSE (wherever applicable)  The rate of interest is as per prevailing rates from time to time.


CONTRACTOR PLUS
‘CONTRACTOR PLUS’ has been introduced under SME segment to fund the work bills of BBMP, all Municipal Corporations, Zilla Parishats, BWSSB and other Statutory Bodies all over Karnataka state provided they are agreeable for the tripartite agreement. Instead of LCs, Bills are backed by tripartite agreement.

Contact your nearest Branch of State Bank of Mysore or

Chief Manager
State Bank of Mysore
Small and Medium Enterprises Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901.extn.377
Fax: 91 80 22353458
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 
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