MSME CC/OD of Tamil Nadu Grama Bank

MSME – CC/OD

Target Group	Traders Businessmen Professionals with good track record
Purpose	To meet working capital requirements in MSME - Manufacturing, Services and Retail Trade sectors
Type of Loan	Cash Credit (or) Secured Over Draft
Quantum of Loan	OCC - Based on projected Sales/Turnover, Stocks and Book debts SOD - Based on projected Sales/Turnover
Margin	OCC - 25% on Stocks and Book debts SOD - 50 % on value of immovable property
Schemes covered	MUDRA PMSVANidhi Stand-Up India PMEGP UYEGP NEEDS PMFME TAHDCO and other Government sponsored schemes
Rate of Interest	Please refer Interest rate chart / visit our nearest branch
Security	OCC: Primary security – “Stocks and Book Debts (less than 90 days)” with a margin of 25%. Collateral security – Immovable / other tangible security of at least 125% of the limit sanctioned SOD: Primary security – Immovable properties with a value of 200% of the limit to be obtained Collateral security – Stocks and Book Debts less than 90 days of age (if available)
Repayment Period	CC or SOD – Renewable every year
Processing Charges	0.60% of the Limit sanctioned
How to apply	Please contact nearest Tamil Nadu Grama Bank’s Branch for more details