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  • Financing MSMEs in Ahmedabad Circle

AREA SPECIFIC SCHEME FOR FINANCING MSMES ENGAGED IN BOTH CERAMIC AND VITRIFIED TILE INDUSTRIES IN AHMEDABAD CIRCLE

Nature of Facility
  • Working Capital
  • Term Loan
    (Both Fund-Based and Non-Fund Based facilities)
Purpose "To provide credit for business requirement of MSME borrowers engaged in Ceramic and Vitrified Tile business(Manufacturing) for Term loan / working capital requirements."
Target Group
  • Unit’s engaged in the activity related to Ceramic industry(Manufacturing). Availability of mortgage of Land and Building for Individuals/Partnership firm (other than partnership firms where HUF is a partner)/ company (excluding NBFC)/ proprietary firms.
  • The Scheme shall be applicable for accounts of risk rated up to Moderate Risk.
Quantum of loan
  • Minimum: Above Rs.10 Lakhs Maximum: Rs.50 Crores
  • Term Loan: Maximum up to Rs.30 Crores.
Margin
  • Term Loan: 25%.
  • Working Capital: 25% against Stock and 30% against Book Debts.
  • Non fund based limits ( LC/BG/ Trade Credit): 20 %
Security
  • Primary: Assets created out of loan proceeds.
  • Collateral: Minimum security comfort by way of primary & collateral (Land & Building and Approved securities, viz. LIC Policies, NSCs, KVPs, PSU Bonds except share & debenture standing in the name of borrower only) should be more than 50% of loan/limit.
    However, in the case of recently purchased Land, which is within one year from date of purchase, minimum security comfort by way of prime & collateral (Land or Land & Building alone) shall be 40% or more of the loan/limit. It is subject to the condition that the market value of the Land or Land & Building alone shall be more than 50%.
    • CGTMSE Coverage Not Applicable.
    Processing Charges 50% of the applicable upfront fee/ processing charges.
    Processing Charges Working Capital: Tenable for one year
    Term Loan: 5 to 7 Years including moratorium.

    Applicable PAN India with present applicability in Ahmedabad circle.

    • Individuals/ Proprietary Concern/Partnership Firms (other than Partnership Firms where HUF is a Partner) /Company (excluding NBFC).
    • The Scheme shall be applicable for accounts risk rated up to Grade V /Moderate Risk /BB.
    • 31.03.2026 (subject to performance review of the scheme as on 30.09.2025)
    • Customer Identification proof along with NF998 MSME application.
    • Address Proof of unit and promoters.
    • License/permissions.
    • Financial papers for the last 3 years with ITR and projections.
    • Details of Guarantor with proof of assets.
    • Stock Statement.

    Rate of interest is linked to the value of security/approved collaterals and Internal Risk Rating/Grade.

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    Last updated on 22-01-2026 01:15 AM

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