• New customers with minimum business operation of 12 months and existing customers at the time of renewal shall be brought under the scheme.
• GST Return of the past 12 months /4 Quarters/ 1 Year Annual and At least 60% of turnover reflected in GST return should have been routed through the Bank account.
• Customers having/proposed to have sole Banking arrangement for working capital requirements.
• Multiple Banking Arrangement/Consortium is not permissible for working capital requirements.

• Rate of Interest

Limit

• Minimum: Rs.5.00 lac
• Maximum: Rs.50.00 lac

Method of Assessment of Working Capital Limit

• 20% of previous year's annual turnover as per GST returns/annual turnover based on Quarterly/Monthly/Yearly GST returns.

Margin

• 40% of the Realizable value of immovable property mortgaged.

Period

• -12- months, subject to review every year.

Security

• Mortgage of factory land and building and/or any other property (Land & Building, but not Agriculture Land) belonging to unit or Promoters of the unit, or close relatives of the promoters, viz. father, mother, Spouse, son, son's wife, daughter, daughter's husband, brother, brother's wife, sister, sister's husband only, provided they stand as guarantors)

Insurance

• Comprehensive Insurance of Plant & Machinery, Equipment, Vehicle, furniture & fixtures & Goods covering stocks. Mortgage property and others movables. Bank's name should be included as a financer.

Credit Information Report

• Bank is authorized to make enquiries from any of the Credit Information Bureau and get the Credit Information Reports. Bank is also authorized to disclose from time to time any information relating to the loan to Credit Bureaus approved by Govt. of India or Reserve Bank of India without any notice to the borrower.