About the MSME : Enterprises engaged in the manufacture or production, processing or preservation of goods. It is further classified as under based


the details of the Loan offered to the MSME is given below :

Eligibility :
The loan can be extended to as many promoters/partners and even their family members.

Net annual income must be
`75,000/-

Quantum of Loan :
3 times of Net Annual Income
No ceiling for New vehicles [For old vehicles `15.00 lacs only]

Repayment :
New vehicles – Repayable in 84 months
Old Vehicle –
Loan should be liquidated when vehicle life completes 7 years

Margin : 15%

Period Slab Interest Rate
Advances against Bank Term Deposit(TD) 1+TDR
Against Govt Securities Nsc, IVPs etc 13.00
Against shares and debentures/bonds/MFs 14.25
RBI Relief Bonds 13.55 PA
Against surrender value of Life Insurance 13.25
Against Janatha Deposit - Public 14.05
Against Janatha Deposit - Staff 12.05