Articles 

SBI Stand Up India – MSME Loan / SME Loan Scheme

1124 Views

Stand Up India: Apply online for MSME/SME Loan in India through SBI to meet all kinds of credit requirement for setting up Greenfield projects under manufacturing, services or the trading sector. Click below to know more.

Features

  • Nature of Facility : Composite Loan (Working Capital facilities / Term Loan)
  • Purpose :To meet all kinds of credit requirement for setting up Greenfield projects under manufacturing, services or the trading sector.
  • Target Group :SC / ST and Women entrepreneurs
  • Quantum of loan (Min/Max)
    • Minimum loan amount: > Rs 10 lacs
    • Maximum loan amount: Rs. 1 crore
  • Margin (%) : Minimum mandatory margin is 10%. Max. Margin money on composite loan would be upto 25% which will be reduced through convergence with Central / State schemes.
  • Pricing : Competitive Interest rates Linked to MCLR
  • Collateral Security : No Collateral / Third Party Guarantee to be obtained. All loans to be covered under CGSSI (Credit Guarantee Scheme for Stand-Up India Scheme)
  • Repayment Period : Maximum of 7 years (including moratorium period upto 18 months)
  • Processing Fee : 0.20% of loan amount (plus GST as applicable). No other charges are proposed to be recovered.

Eligibility Criteria

  • All loans more than Rs. 10 lakhs and up to Rs. 1 Crore to SC / ST borrowers and women entrepreneurs for Greenfield projects only.

Related Posts: