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Home >> Loan >> Loan schemes for minority community >> Loan to SMEs  >> >> Loan to SMEs
Loan to SMEs

  1. Salient features of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
    • The eligible loan limit under the Scheme is now Rs.100 lakhs.
    • The credit guarantee cover has been raised from 75% to 85% for the following category of loans:
      1. Loans to Micro enterprises upto Rs. 5 lakh; and
      2. Loans to Micro and Small enterprises operated and/ or owned by women.
    • The coverage of the Scheme will now be extended to all new and existing Micro and Small Enterprises (both in the Manufacturing Sector as well as Service Sector).

INTEREST RATES ON MICRO ENTERPRISES ADVANCES (Manufacturing & Services )

TYPE OF ADVANCE

REVISED RATE OF INTEREST ON ADVANCES W.E.F. 1st  AUGUST 2011- %AGE PER ANNUM

 

BASE RATE = 10.75%

Size of the limit of the Micro Enterprises

IMaCS Rating Grade

Rate Of Interest

Up to Rs 50000

N.A

Base Rate +1.75%    = 12.50%

Above Rs 50000 but up to Rs 2.00 Lacs

N.A

Base Rate +2.50%   =  13.25%

Above Rs 2.00 Lacs but up to Rs 25.00 Lacs

N.A

Base Rate + 2.75%   = 13.50%

Above Rs.25.00 lac and up to Rs.1.00 crore

1

Base Rate +2.50%   =  13.25%

2

Base Rate + 3.00%   = 13.75%

3

Base Rate + 4.00%  =  14.75%

Below 3

Base Rate + 5.00%  = 15.75%

Above Rs.1.00 crore

1

Base Rate + 2.75%   = 13.50%

2

Base Rate + 3.00%   = 13.75%

3

Base Rate + 4.00%  =  14.75%

Below 3

Base Rate + 5.50%   = 16.25%

 

 

 

 

INTEREST RATES ON SMALL ENTERPRISES (SE) ADVANCES (Manufacturing & Services )

TYPE OF ADVANCE

REVISED RATE OF INTEREST ON ADVANCES W.E.F. 1st  AUGUST 2011- %AGE PER ANNUM

Size of the limit of the SMALL ENTERPRISES

IMaCS Rating Grade

 Rate Of Interest

Up to Rs 50000

N.A

Base Rate +1.75%    = 12.50%

Above Rs 50000 but up to Rs 2.00 Lacs

N.A

Base Rate +2.50%   =  13.25%

Above Rs 2.00 Lacs but up to Rs 25.00 Lacs

N.A

Base Rate + 2.75%   = 13.50%

Above Rs.25.00 lac and up to Rs.1.00 crore

 

1

Base Rate +2.50%   =  13.25%

2

Base Rate + 3.00%   = 13.75%

3

Base Rate + 4.00%  =  14.75%

Below 3

Base Rate + 5.00%  = 15.75%

Above Rs.1.00 crore

1

Base Rate  +2.75%  =13.50%

2

Base Rate + 3.00%  = 13.75%

3

Base Rate +4.00%   = 14.75%

Below 3

Base Rate + 5.50%  = 16.25%

INTEREST ON SSI ADVANCES TO WOMEN ENTREPRENEURS

The Specific concession to Women enterprises be restricted to 0.50% by the Branches and Regional Heads with minimum ceiling of 10.00% (i.e. PLR minus 2%)

 

 

INTEREST RATES ON MEDIUM ENTERPRISES (ME) ADVANCES

 

TYPE OF ADVANCE

REVISED RATE OF INTEREST ON ADVANCES W.E.F. 1st  AUGUST 2011- %AGE PER ANNUM

Size of the limit of the MEDIUM ENTERPRISES

IMaCS  Rating Grade

 Rate Of Interest

Up to Rs 25.00 Lacs

1

Base Rate +2.50%   =  13.25%

2

Base Rate + 2.75%   = 13.50%

3

Base Rate + 3.00%   = 13.75%

4 & 5

Base Rate +3.25%    =  14.00%

6 & Below

Base Rate +3.50%   = 14.25%

Above Rs 25.00 Lac and up to  Rs 1.00 Crore

1

Base Rate + 2.75%   = 13.50%

2

Base Rate + 3.00%   = 13.75%

3

Base Rate + 4.00%   =14.75% 

4 & 5

Base Rate + 5.00%  = 15.75%

6 & Below

Base Rate + 5.50%   = 16.25%

Above Rs 1.00 Crore

1

Base Rate + 2.75%   = 13.50%

2

Base Rate + 3.00%   = 13.75%

3

Base Rate + 4.00%   =14.75% 

4 & 5

Base Rate + 5.50%   = 16.25%

6 & Below

Base Rate + 6.00%   =  16.75%

 

SIZE OF THE LIMIT OF THE SME ACCOUNT FOR DETERMINING THE RATE

The revised rate of interest on SME accounts is based on the size of limits sanctioned to the borrower. The limits to be taken into account shall be as follows:

  • a) Non-fund based limits sanctioned to the SME borrower shall not be included in the total limits for determining the rate of interest.
  • b) All fund -based limits including term loans and working capital limits shall be taken into account for determining the rate of interest.
  • c) In the case of term loans, the original term loan limit is to be taken into account and not the outstanding in the term loan.