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8/12/2019 Star MSE Term
1/3
Star MSE Term/Demand Loan
Target Group Micro & Small Enterprises in rural, semi urban, urban
and metro branches (Bank Of India)
Type of Loan Demand/Term Loan
Purpose Purchase Plant & Machinery/Equipment/Other
Moveable Assets.
Quantum of Loan For units located in Maximum Amt of Loan
Rural Areas Rs.5,00,000/-
Semi-urban Areas Rs.10,00,000/-
Urban Areas Rs.50,00,000/-
Metro Areas Rs.100,00,000/-
Margin 15%
Rate of Interest
Note:I-Term Loans under the scheme willnot attract term Premium as
approved by ED/26.07.2010
II-ROI is linked to BaseRate (Floating).
Limit ROI Maximum Amt of Loan
Upto Rs.50,000/- 10.20% I-Concession of 0.50% in
ROI on account ofCGTMSE Guarantee cover
has already been factored.
II-No other concession
including those meant forPriyadarshini, SME rating
etc., will be extended
under the scheme. III-Nofurther account specific
concession to be
considered.
AboveRs.50,000/- upto
Rs.5,00,000/-
11.20%
AboveRs.5,00,000/-
upto
Rs.10,00,000/-
12.20%
AboveRs.10,00,000/-
uptoRs.100,00,000/-
12.95%
Repayment Loan is to be repaid in maximum 5 years with a moratorium of 3 to 6months to be determined on the merits of each case.
8/12/2019 Star MSE Term
2/3
8/12/2019 Star MSE Term
3/3
will be involved in the implementation
Classification Advance under this scheme will be classified MSME
advance with Sector Code 32, Scheme Code (NewCode being allotted) and Special Category Code from
150 to 173 depending upon the original cost of
investment in plant & machinery/ equipment. BSR
Code will depend upon the activity.