Sr. No. Category Particulars 1. Product Name COVID 19 - Line of Support for MSME (CLSM) 2. Target Group MSMEs (Manufacturing/Services/Trade) 3. Target Constituents Individual/Proprietary Concern/Partnership Firm/ Limited Liability Partnership/Company. 4. Nature of facility Working Capital Demand Loan (Tenor 18 Months) 5. Purpose To meet temporary liquidity mismatch of MSME units arising out of COVID 19 (to meet the statutory dues, payment of salaries to staff, electricity bills, rent of office, delayed retaliation of receivables, etc.) 6. Loan Amount WCDL upto 10% of the specific existing fund based working capital facility subject to the maximum limit of Rs. 1.00 crores. Existing customers who have availed special loan products like IOB SLC for MSME and GST Ease are also eligible for the facility. However, the total additional exposure including the present facility should not exceed 25% of the existing FBWC exposure. 7. Eligibility Existing MSME units having credit limits with satisfactory credit record of two years.
1.
Product Name
COVID 19 - Line of Support for MSME (CLSM)
2.
Target Group
MSMEs (Manufacturing/Services/Trade)
3.
Target Constituents
Individual/Proprietary Concern/Partnership Firm/ Limited Liability Partnership/Company.
4.
Nature of facility
Working Capital Demand Loan (Tenor 18 Months)
5.
Purpose
To meet temporary liquidity mismatch of MSME units arising out of COVID 19 (to meet the statutory dues, payment of salaries to staff, electricity bills, rent of office, delayed retaliation of receivables, etc.)
6.
Loan Amount
WCDL upto 10% of the specific existing fund based working capital facility subject to the maximum limit of Rs. 1.00 crores.
Existing customers who have availed special loan products like IOB SLC for MSME and GST Ease are also eligible for the facility. However, the total additional exposure including the present facility should not exceed 25% of the existing FBWC exposure.
7.
Eligibility
Existing MSME units having credit limits with satisfactory credit record of two years.