MSME Vishesh

  • Eligibility

    To provide on the spot need based additional financial assistance.


    Qualified only OBC MSME Plus Borrower

    • Minimum 2 Year satisfactory (Standard) conduct of account & accounts should not have been restructured.
    • Minimum 85% achievement of estimated sales on the basis of which existing limits was assessed. After satisfactory evidence of % of achievement of sale by way of VAT return or Provisional financials certified by the auditors as drawn from the books of the firm.
    • Applicable for consortium advance also subject to NOC from member banks.
  • Finance

    Auto increase of Working Capital Limits for MSME (Medium & Small Enterprises) borrowers – Effective from beginning of financial year

    Eligible Amount

    Additional working capital facilities made available:

    • 25% of existing working capital facilities separately for FB & NFB or 50% of the eligible limits on enhanced portion of projected turnover whichever is less.
    Sanctioning Power

    Up to discretionary power chart of Branch Incumbent i.e. eligible amount under scheme above & existing sanctioned limits. If the total amount exceeds then RLCC-RH.
    Regular proposal be considered by respective authority. Branches shall report this along with the office note in STM-41

    Process Fee


    Other Terms & conditions

    This fund based facility shall be covered with DP.

  • Security and Margin

    Extension of charge on existing security & filling of charge with ROC if applicable

  • Rate of Interest

    0.50% over & above existing rate till regular sanction of enhanced limits

    Period of additional Facility

    Max. Six months or upto the date of regular enhancement whichever is earlier.

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