1.

Ceramic Industry Cluster in Morvi, Gujarat.

Units engaged in Ceramic tiles and other allied activity, Plastic and other allied activity in and around Morvi

Ahmedabad

2.

Textiles Industry Cluster at Coimbatore

Units engaged in Textile activity and other related activities in and around Coimbatore

Coimbatore

3.

Engineering Goods Cluster in Coimbatore

Units engaged in engineering activity in and around Coimbatore

Coimbatore

4.

Engineering and Packaging Cluster in NCR Delhi

Units engaged in the Manufacturing of Engineering Printing & Packaging activities in NCR.

NCR Delhi

5.

Auto Components Cluster in NCR Delhi

Units engaged in the Manufacturing of Automobile Components in NCR.

NCR Delhi

6.

Auto Components Cluster in Chennai/ Kancheepuram

Units engaged in the Manufacturing of Auto Components and other related activities in and around Chennai and Kancheepuram

Chennai I, Chennai II, Kancheepuram

7.

Auto/Bicycle Components Cluster in Ludhiana

Units engaged in the Manufacturing and trading of Auto/Bicycle Components and other related ancillary units.

Ludhiana

8.

Hosiery /Textiles Cluster in Ludhiana

Units engaged in the Manufacturing and trading of Hosiery/Textile and other related ancillary units

Ludhiana

9.

Plywood Industry Cluster in Perumbavoor, Kerala

Units engaged in Manufacturing of Plywood/Veener

Ernakulam

10.

Textile Cluster in Surat, Gujarat.

Units engaged Textile activity and other related activities in and around Surat

Baroda

11.

Textile Cluster in Tiruchengode, Tamil Nadu

Units engaged in Textile activity and other related activities in and around Tiruchengode

Salem

12.

Auto Components Cluster in Hosur and Krishnagiri, Tamil Nadu.

Units engaged in the Manufacturing of Auto Components and other related activities in and around Hosur and Krishnagiri.

Salem

13.

Alleppey and Kollam COIR Products Cluster

Units engaged in COIR Products and other related activities in and around Alleppey and Kollam districts.

Trivandrum

14.

Baroda - Engineering Cluster

Units engaged in Engineering activity in and around Baroda, Gujarat.

Baroda

15.

Baroda - Chemical & Chemical Products Cluster

Units engaged in Chemical & Chemical Products and other related activities in and around Baroda, Gujarat.

Baroda

16.

Mandi Gobindgarh, Fatehgarh Sahib - Steel Re Rolling Cluster

Units engaged in Steel products and other related activities in and around Mandi Gobindgarh, Fatehgarh Sahib.

Chandigarh

17.

Erode & Karur Textile and Allied Activity Cluster

Units engaged in Textile and other related activities Viz. Dying unit, printing unit, chemical unit for textile, manufacturing of Yarns in and around Erode & Karur district.

Erode

18.

Genome Valley-Medchal/Malkajgiri Pharmaceutical Cluster

Units engaged in Pharmaceutical Products and other related activities in and around

Hyderabad

19.

Trichy- Fabricators and Engineering Works Cluster,

Units engaged in Engineering Products and other related activities in and around Tiruchirappalli.

Trichy

20.

Ranipet Leather Products Cluster

Units engaged in Leather Products and other related activities in and around Ranipet, Vellore Districts.

Vellore

1

Constituents

Proprietor/ Partnership/ LLP/ Pvt. Ltd./ Pub. Ltd.

2

Nature of Credit Facility

Term Loan for Capex/LC for purchase of Machinery.

CC against stocks and book debts, BG for procurement of Gas.

Export Credit -Pre-post shipment, FSC/FPC

3

Eligibility of Borrower

• All Business entities engaged in manufacturing/ service and should classified under MSME, as per MSMED act.
• All business entities should have valid GST Registration and Udyam Registration Certificate wherever it is applicable.

4

Minimum and Maximum Quantum of loan

Need Based Limit.

5

Credit Rating/ Hurdle Rating.

Loans under the scheme shall not be considered for accounts with external rating of noninvestment grade and with internal rating below the hurdle rate as per Bank's guidelines.

Hurdle rate: IOB5 for non- priority and IOB6 for priority Sector

6

Discretionary powers

As per prevailing Discretionary powers.

7

Prime Security

• WC Limits-Hypothecation of inventory and book debts and charge on current assets
• Term Loan-charge on assets procured out of term loan/mortgage of factory land and building
• Letter of Credit-Documents of title to goods
• Letter of Guarantee-Counter Guarantee of the borrower

8

Collateral security/ CGTMSE

Coverage

Non CGTMSE covered accounts:

Minimum 25% (FMV) of total limits sanctioned by way of land and building and/or liquid securities (FMV to be reckoned for calculating the coverage).

CGTMSE Covered Accounts:

CGTMSE coverage to be obtain in all eligible accounts.

Coverage under hybrid security product of CGTMSE also available.

9

Interest Rate

Interest rate starting from 8.50% as per the rating of the borrower.

10

Guarantee:

Personal Guarantee of Partners/Directors/ Collateral security owners to be obtained as per Bank's Norm.

No third-party guarantee to be obtained for the accounts covered under CGTMSE.

11

Margin

HLCC (GM) and above can stipulate higher & lower margin on case-to-case basis.

12

Commission on NFB Limits (BG/LC)

25 % concession on the applicable charges.

13

Upfront fee and processing charges

14

Concessions

If any account which needs concessions beyond the above specified, the same may be considered on case-to-case basis based on cost benefit analysis and weighted average score as per existing guidelines and discretion.

15

Interchangeability of limits

FB to NFB can be permitted on a case-to-case basis subject to availability of adequate DP and within overall secured and unsecured limits.

16

Other Norms

• Turnaround Time (TAT) should be kept as minimum as possible to ensure targeted credit deployment under the scheme.
• Lending under this scheme can be under sole or multiple or consortium arrangement.
• Any concessions shall continue till expiry of existing sanction. If branch / RO desires to extend the interest rate as per proposed modified scheme, no existing concession in interest rate to continue.
• Existing interest rate in any account to be changed to proposed ROI only after getting specific request from the customers.