Asset-Backed Credit

All company units in need of a loan for manufacturing and service operations.

Wholesale / retail trade for self-employed and professionals covered under the MSME Act 2006.

For the NFB facility, a cash margin of at least 25% is required.

Who is eligible to apply?

• Existing SBI clients who have taken use of the bank's credit capabilities.

• Units that are brand new and have marketable assets to provide as collateral.

• Acquisition of existing units from banks or financial organizations with a good track record.

• Immovable property in the form of an Equitable or Registered Mortgage of land/building as a first charge collateral security.

Credit for Export Packing

Manufacturers and merchant exporters are eligible for Rupee Packing Credit at a reduced rate of interest.

Margin: It is determined by the type of the order, the commodity, the exporter's capabilities, and RBI rules.

Collateral protection: Limits for Cash Credit/WC are the same as they are for WC.

Who is eligible to apply?

• Existing SBI clients who have used the bank's credit services.

• New units Existing units taken over from other banks or financial organisations with a good track record.

• Other considerations

  • Exporters must justify the correct end-use of the disbursed amount since packaging credit loans are concessional and purpose-oriented.

  • ECGC: The Export Credit Insurance for Banks Guarantee Scheme insures the bank's export credit portfolio (pre-shipment/packaging credit). For 'A' and higher rated loans, the bank will pay the premium.

eDealer Finance Program

• All authorised dealers of Industry Majors with whom SBI has a tie-up arrangement are the target group.

• Nil margin

• Collateral security can range from zero to fifty percent, depending on the tie-up.

• Other factors include: SBI's Internet Banking Platform is used for transactions.

e Vendor Financing Program

• Vendors of well-known industry majors or corporations with which SBI has a tie-up agreement.

• Nil margin

• Nil in terms of collateral security.

• Existing SBI borrowers who have been profitable over the past three years are eligible to apply.

• Industry Majors must have a minimum revenue of Rs. 500 crores or more.

• Other considerations

  • For SBI customers, an external rating of A or an internal rating of SB-7 is necessary.

  • The entire vendor base of Industry Majors should be at least 50.

  • Sundry Creditors should be paid within three months after purchase.

  • The industry scenario will be evaluated, as well as RMD requirements.

  • SBI's Internet Banking Platform is used for transactions.

Lease Rental Discounting

Also called Discounted Rental Leases

Who is eligible to apply?

• All MSME units and individuals that own residential or commercial properties that are rented out.

• Owners of residential and commercial properties that are being rented or have already been rented to multinational corporations, banks, large and medium-sized corporations, government offices, and reputable public entities (Municipal Corporations, etc.).

Collateral protection

• Equitable mortgage on a building secured by rents or any other comparable property.

• The realisable value of a mortgaged property should be at least 143 percent of the loan amount.

Other considerations

• In order to transfer the EMI from the Escrow Account to the Term Loan Account, Standing Instructions must be put up in CBS.

• Only after the execution and registration of the Lease Deed will the loan be released.

• In states where it is necessary, recording EM is required.

• Where EM isn't possible, a Registered Mortgage should be used.

• The lessee's occupancy of the premises or the receipt of the first lease rent, whichever comes first.

Mudra Yojana of the Prime Minister

Business Enterprises in the Manufacturing, Trading, and Services Sectors are the target group (including allied agricultural activities).

Existing and newly constructed apartments

Up to Rs. 50,000 in margin: Nil

50,001 to ten lakhs rupees: 10% of the total Nil in terms of collateral security. Hypothecation of P&M for Term Loan and Hypothecation of Stocks & Receivables for CC is required as Primary Security.

Other considerations

• CGFMU, which is granted through NCGTC, is guaranteeing these loans.

• Because the guarantee insurance is provided for 5 years, the maximum payback time for advances issued under the Mudra Scheme is 60 months.

• For all qualified CC accounts, all branches will issue MUDRA RuPay Cards.

Stand Up India

• SC/ST and female entrepreneurs are the target groups.

• Minimum Margin ten percent

• The maximum margin money on a composite loan should be up to 25%, which can be decreased by combining Central/State programmes.

• Nil in terms of collateral security.

• Other requirements: All loans beyond Rs. 10 lakh and up to Rs. 1 crore must be made to SC/ST borrowers and women entrepreneurs for greenfield projects exclusively.