CONTENTS MAUBANK FINANCING SCHEME UNDER SME DEVELOPMENT SCHEME - - PowerPoint PPT Presentation

CONTENTS

MAUBANK FINANCING SCHEME UNDER SME DEVELOPMENT SCHEME

ELIGIBLE APPLICANTS Entities formed on or after 02

nd June 2015

ELIGIBLE SECTORS

• ICT and Other Export Services;
• Manufacturing;
• Bio Farming and other value added Agri-Business activities;
• Aqua-culture and other value added Ocean Economy related activities
• Renewable and Green Energy
• Handicraft

TENOR Up to 10 years INTEREST RATE Key repo rate less 1% presently 3% p.a for the first 4 years Key repo rate plus2% presently 6% p.a for the remaining years FINANCING 90% of project value PROJECT VALUE up to a maximum of Rs20.0M MORATORIUM up to 2 years on Capital (including a maximum of 6 months on interest) SECURITY Fixed and Floating charge on the assets of the entity FEES No processing fees Only Registration fees apply

PROCESS AND PROCEDURE TO APPLY

LOANS TO INDIVIDUALS UNDER MAUBANK FINANCING SCHEME

ELIGIBLE APPLICANTS

Individuals who started their business activities on or after 02

nd June 2015

with an annual turnover of less than Rs2.0m ELIGIBLE SECTORS

• ICT and Other Export Services;
• Manufacturing;
• Bio Farming and other value added Agri-Business activities;
• Aqua-culture and other value added Ocean Economy related activities
• Renewable and Green Energy
• Handicraft

TENOR Up to 10 years INTEREST RATE Key repo rate less 1% presently 3% p.a for the first 4 years Key repo rate plus 2% presently 6% p.a for the remaining years FINANCING 90% of project value PROJECT VALUE Up to Rs250,000/- MORATORIUM up to 2 years on Capital (including a maximum of 6 months on interest) SECURITY Floating Charge on the individual (excluding the matrimonial home of the individual) FEES No processing fees Only Registration fees apply

PROCESS AND PROCEDURE TO APPLY

MAUBANK UNIQUE POSITION

SME and MICRO & SMALL ENTITY FINANCING SCHEME

ELIGIBLE APPLICANTS Entities/Individuals that are in business operation for at least 1 year Annual turnover should not exceed Rs50.0m FACILITY TYPE

• New Term loans
• Finance lease
• Working Capital (i.e. Overdrafts, import loans, Letter of Credits & Bank Guarantees)

TENOR Loan or Lease: Up to 7 years Working Capital: up to 1 year renewable INTEREST RATE Key repo rate plus 2% presently 6%p.a FINANCING 70% of project value FEES No processing fees Only Registration fees apply SECURITY

• For facility of up to Rs2.0m and annual turnover not exceeding Rs10.0m

 Lease Agreement  Floating Charge on the entity/Individual (In case of individuals, the charges excludes the matrimonial house and property of spouse)

• For facility above Rs2.0m and/or annual turnover exceeding Rs10.0m

 Lease Agreement  Fixed and/or Floating Charge on the entity/Individual (In case of individuals, the charges excludes the matrimonial house and property of spouse)

SME and MICRO & SMALL ENTITY FINANCING SCHEME

PROCESS AND PROCEDURE TO APPLY

ACCOMPAGNEMENT & LARGER OBJECTIVE