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SME Banking MSME (Micro, Small & Medium Enterprises) Sector : Manufacturing Enterprises : · Micro Enterprise : is an enterprise where investment in plant and machinery (original cost excluding land and building and the items specified by the Ministry of Small Scale Industries) does not exceed Rs. 25.00 lacs. · Small Enterprise : is an enterprise where the investment in plant and machinery (original cost excluding land and building and the items specified by the Ministry of Small Scale Industries) is more than Rs. 25.00 lacs but does not exceed Rs. 5.00 crores. · Medium Enterprise : is an enterprise where the investment in plant and machinery (original cost excluding land and building and the specified items) is more than Rs. 5.00 crore but does not exceed Rs. 10.00 crore. SERVICES SECTOR : Enterprises engaged in providing or rendring services whose investment in equipment (original cost excluding land & building and furniture, fittings and other items not directly related to the service rendered or as may be notified under MSMED Act, 2006) are as under : 1. Micro Enterprise : is an enterprise where the investment in equipment does not exceed Rs. 10.00 lacs. 2. Small Enterprise : is an enterprise where the investment in equipment is more than Rs. 2.00 crore but does not exceed Rs. 5.00 crore. 3. Medium Enterprise : is an enterprise where the investment in equipment is more than Rs. 2.00 crore but does not exceed Rs. 5.00 crore. These will include small road & water transport operators, small business, retail trade, professional & self employed persons and all other service enterprises, Khadi and Village Industries Sector (KVI) All advances granted to units in the KVI sector, irrespective of their size of operations, location and amount of original investment in plant and machinery. Thrust Industries under MSME : (i) IT & IT enabled services (ii) Drugs and Pharmaceuticals (iii) Auto components, Auto ancillary units (iv) Engineering equipments Rate of Interest: As per the interest rate stracture of the bank approved by ALCO from time to time and in conformity with the loan Policy document of the bank. Collateral Free Loans: All scheduled commercial banks are mandated to extend collateral free loans upto Rs. 10 lacs to the MSE sector. All collateral free loans upto Rs. 100 lacs to MSE sector in Manufacturing and Services sector (excluding Retail Trade and Educational Institutions) as defined in the MSMED Act 2006 including PMEGP scheme, are also covered under the Credit Guarantee Scheme of CGTMSE. |
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