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

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CONTENTS

MAUBANK FINANCING SCHEME UNDER SME DEVELOPMENT SCHEME nd June 2015 ELIGIBLE APPLICANTS Entities formed on or after 02  ICT and Other Export Services;  Manufacturing;  Bio Farming and other value added Agri-Business activities; ELIGIBLE SECTORS  Aqua-culture and other value added Ocean Economy related activities  Renewable and Green Energy  Handicraft TENOR Up to 10 years Key repo rate less 1% presently 3% p.a for the first 4 years INTEREST RATE 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 No processing fees FEES Only Registration fees apply

PROCESS AND PROCEDURE TO APPLY

LOANS TO INDIVIDUALS UNDER MAUBANK FINANCING SCHEME nd June 2015 Individuals who started their business activities on or after 02 ELIGIBLE APPLICANTS with an annual turnover of less than Rs2.0m  ICT and Other Export Services;  Manufacturing;  Bio Farming and other value added Agri-Business activities; ELIGIBLE SECTORS  Aqua-culture and other value added Ocean Economy related activities  Renewable and Green Energy  Handicraft TENOR Up to 10 years Key repo rate less 1% presently 3% p.a for the first 4 years INTEREST RATE Key repo rate plus 2% presently 6% p.a for the remaining years FINANCING 90% of project value PROJECT VALUE Up to Rs250,000/- up to 2 years on Capital (including a maximum of 6 months on interest) MORATORIUM Floating Charge on the individual (excluding the matrimonial home of the SECURITY individual) No processing fees FEES Only Registration fees apply

PROCESS AND PROCEDURE TO APPLY

MAUBANK UNIQUE POSITION

SME and MICRO & SMALL ENTITY FINANCING SCHEME Entities/Individuals that are in business operation for at least 1 year ELIGIBLE APPLICANTS Annual turnover should not exceed Rs50.0m  New Term loans  Finance lease FACILITY TYPE  Working Capital (i.e. Overdrafts, import loans, Letter of Credits & Bank Guarantees) Loan or Lease: Up to 7 years TENOR Working Capital: up to 1 year renewable INTEREST RATE Key repo rate plus 2% presently 6%p.a FINANCING 70% of project value No processing fees FEES Only Registration fees apply  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) SECURITY  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