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SME Plus

SME Plus is a simplified, yet customized, Program for all Business units including MSME units engaged in manufacturing, trade and services activities offering the entire bouquet of product offerings including but not restricted to Term Loans, Trade solutions and more.

Features & Benefits

  • Turnover - Upto ₹75 Cr.
  • Limits - Upto ₹10 Cr. (ECLGS Limits are over and above the limits specified)
  • Product Offerings - Working capital financing, Trade facilities, Term loans
  • Collateral - Residential, commercial and industrial property acceptable

Key Highlights

Available for traders/wholesalers, manufacturers, service and agri-based industries. Loans offered up to ₹10 crores for enterprises with turnover up to ₹75 crores. Working capital financing, trade products, online banking and much more.

Documents Required

  • KYC of borrower , Associate / Group Concern / Corporate Guarantor (if applicable) :
    • PAN
    • GST registration certificate/ Certificate of incorporation 
    • Constitutional Documents like MOA , AOA, Partnership Deed etc. (as applicable))
  • KYC of key individuals (Shareholders, Directors, Signatories, Partners etc.):
    • PAN
    • Any one address verification document like Aadhar/Voter Card/Passport/Driving License 
  • Complete Set of audited financials of the borrower / Corporate guarantor / Group Entities (if applicable) for 3 years including:
    • Profit and loss statement
    • Balance sheet
    • Schedules
    • Independent auditors report
    • ITR, Tax Audit Report
  • Latest Provisional financials (if last audited financials are > 13 months old)
  • Signed Projections
  • Bank Statements of last 12 month for all operative business accounts (CA, WC)
  • GST Returns for last 12 Months
  • Latest sanction letter of existing bank (wherever applicable)
  • Sanction Compliance Checklist
  • Udyam Registration Certificate (if available)
  • Duly signed SME Application Form
  • Copies of title deeds, property tax paid receipts, approved plans etc.

Note: This is an indicative list and bank may ask for additional documents if required.

Purpose

  • Financing support to Working Capital and Capital Expenditure
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