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Last Updated on: 20/03/2023

Stand by Line of Credit for MSME Scheme

Sr. No. Category Particulars
1. Product Name IOB-Standby Line of Credit for MSME
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
5. Purpose To meet temporary liquidity mismatch of MSME units arising out of delayed realisation of receivables, receipts of GST inputs tax credits (including for exports) and other business requirements.
6. Eligibility Existing units having credit limits upto Rs.5.00 crores with satisfactory credit record of two years.
7. Loan Amount The maximum loan amount permissible under this scheme is capped at the lowest of the following:
a) WCDL upto 25% of the specific existing fund based working capital facility or
b) Delayed receivables i.e. book debts which are not considered for the regular limits enjoyed by the borrowers and with maximum age of 180 days less applicable margin or
c) Rs. 1.25 Crores.