MSME

(online facility for submission and etracking of the progress of the application)

This 'Online MSE Loan Application and e-Tracking System' will allow MSE Sector Customers / Prospective borrowers of Vijaya Bank to apply and e-track the status of their MSE Loan Application at various Stages of Loan Processing. However, it should be noted that, applying online for the MSE Loan is not commitment on part of the Bank to Sanction the Loan.

After applying online, applicant has to visit the identified Branch with required documents and any other information sought by the Branch.

 Rate of Interest applicable to MSME Advances


 

Micro Medium and Small Enterprises (MSME)

( A) Micro Manufacturing Enterprises:

 

i)    Loans upto & inclusive of Rs.50,000/-                                            

1 YEAR MCLR+1.35%=10.00%

ii)    Above Rs.50,000 upto & inclusive of  Rs.2.00 lakh                 

1 YEAR MCLR+1.85%=10.50%

iii)    Above Rs.2.00 lakh upto & inclusive of Rs.25.00 lakh

1 YEAR MCLR+2.60%=11.25%

iv)    Above Rs.25.00 lakh upto & inclusive of  Rs.50.00 lakh        

1 YEAR MCLR+2.85%=11.50%

v)    Above Rs.50.00 lakh

1 YEAR MCLR+3.60%=12.25%

 

 

(B) Micro Service Enterprises:

i)    Loans upto & inclusive of  Rs.50,000/-                                      

1 YEAR MCLR+1.85%=10.50%

ii)    Above Rs.50,000 upto & inclusive of Rs.2.00 lakh                

1 YEAR MCLR+2.35%=11.00%

iii)    Above Rs.2.00 lakh upto & inclusive of Rs.25.00 lakh        

1 YEAR MCLR+2.85%=11.50%

iv)    Above Rs.25.00 lakh  

1 YEAR MCLR+3.60%=12.25%

 

 

(c) Small Manufacturing Enterprises:

i)    Loans upto & inclusive of  Rs.50,000/-                                          

1 YEAR MCLR+2.10%=10.75%

ii)    Above Rs.50,000 upto & inclusive of    Rs.2 lakhs

1 YEAR MCLR+2.60%=11.25%

iii)    Above Rs.2.00 lakhs upto & inclusive of  Rs.25.00 lakhs       

1 YEAR MCLR+3.35%=12.00%

iv)    Above Rs.25.00 lakhs upto & inclusive of  Rs.50.00 lakhs

1 YEAR MCLR +3.60%=12.25%

v)    Above Rs.50.00 lakhs upto & inclusive of  Rs.1.00 crore        

1 YEAR MCLR+3.85%=12.50%

vi)    Above Rs.1.00 crore                                                                       

1 YEAR MCLR+4.35%=13.00%

 

 

(D) Small Service Enterprises :

i)    Loans upto & inclusive of  Rs.50,000/-                                         

1 YEAR MCLR+2.60%=11.25%

ii)    Above Rs.50,000 upto & inclusive of    Rs.2.00 lakhs              

1 YEAR MCLR+3.10%=11.75%

iii)    Above Rs.2.00 lakhs upto & inclusive of  Rs.25.00 lakhs      

1 YEAR MCLR+3.85%=12.50%

iv)    Above Rs.25.00 lakhs upto & inclusive of  Rs.50.00 lakhs    

1 YEAR MCLR+4.35%=13.00%

v)    Above Rs.50.00 lakhs                                                                      

1 YEAR MCLR+4.60%=13.25%

 

 

(E) Medium Manufacturing and Service Enterprises :

i)    Loans upto & inclusive of  Rs.1.00 crore                                          

1 YEAR MCLR+4.35%=13.00%

ii)    Above Rs.1.00 crore and upto & inclusive of  Rs.5.00 crore

1 YEAR MCLR+4.60%=13.25%

iii)    Above Rs.5.00 crore                                                                             

1 YEAR MCLR+4.85%=13.50%

 

Salient features of lending to Micro, Small & Medium Enterprises (MSMEs):

1 Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 The MSMED Act 2006, which came into force w.e.f. 02/10/2006, defines the Micro, Small, and Medium Enterprises. As per the Act, the activities are classified into Manufacturing and Service Category. The limits for investment in plant and machinery/equipment for manufacturing / service enterprise, as notified by Ministry of Micro, Small and Medium Enterprises, vide S.O.1642 E) dated September 9, 2006 are as under:-

Manufacturing Sector
Enterprises Investment in plant and machinery
Micro Enterprises Does not exceed twenty five lakh rupees
Small Enterprises More than twenty five lakh rupees but does not exceed five crore rupees<
Medium Enterprises More than five crore rupees but does not exceed ten crore rupees
Service Sector<
Enterprises Investment in equipment
Micro Enterprises Does not exceed ten lakh rupees
Small Enterprises More than ten lakh rupees but does not exceed two crore rupees
Medium Enterprises More than two crore rupees but does not exceed five crore rupees

2 Margin norms :
The margin norms followed by the Bank, as per RBI’s directives, are as follows:

Sl.No. Loan amount Margin norms
1 Upto Rs.25,000/= No margin
2 Above Rs.25,000/= 15% to 25%

3 Security norms for MSE loans The security norms followed by the Bank, as per RBI’s directives, are as follows:

Sl.No. Loan amount Security norms
1 Upto Rs.10 lakh No collateral security but with coverage of CGTMSE guarantee
2 Above Rs.10 lakh and upto Rs.100 lakh No collateral security subject to the good track record / financials of the unit in case covered under CGTMSE.
3 Above Rs.100 lakh Suitable collateral security and /or third party guarantee obtained.

4. Performance and Credit Rating Scheme for Micro and Small Units(MSEs)

Click Here for details on Performance and Credit Rating Scheme for Micro and Small Units(MSEs)

5 The bank is also implementing the Rural Employment Generation Scheme (PMEGP Scheme), Credit linked Capital Subsidy Scheme, Technology Up gradation Fund Scheme.

OTS SCHEME OF THE BANK

Recovery through VIJAYA ADALAT A special drive for stepping up recovery in NPA and AUC accounts through One Time Settlement (OTS) by organizing VIJAYA ADALAT has been formulated commencing from 01.06.2006.

Under the Scheme, the borrowers shall be brought to the negotiating table during the VIJAYA ADALATS to be organized by the branches & regional Offices or by the cluster of branches covering maximum number of borrowers and the accounts are settled then and there.

It shall be the endeavor of every Regional Office to ensure that the branches falling under their jurisdiction participate in the special drive in a big way. The dates finalized for organizing Vijaya Adalats shall be informed to Credit (R&R) Dept, HO well in advance to enable the participation by the Executives from Head Office.

Regional Offices shall oversee the follow up done by the branches to ensure that proper steps are initiated to bring the eligible accounts to logical conclusion. ROs shall depute Nodal Officers to assist the branches before finalizing the date and venue for smooth conduct. Branches/ ROs should give wide publicity in the locality/ press release/ release in the electronic media about the event. The Regional Manager or in his absence an Executive having delegated financial powers should invariably attend the Vijaya Adalat.

 

Branches should desist from pushing in cases coming within their delegated powers to be decided in this forum and should optimally use to settle cases coming within the delegated powers of the Executive visiting.


Technology Upgradation Fund Scheme for Textile and Jute Industry:

Our Bank is designated as nodal bank for implementing Technology Upgradation Fund Scheme for Textile and Jute Industry: Scope of the Scheme: The Scheme is available for modernization / expansion of existing units and for setting up of new units with benchmarked level of technology in textile and jute industry. The present plan of the scheme is RR-TUFs from 01.04.2012 to 31.03.2017. The scheme will provide Interest Reimbursement/Capital subsidy/Margin Money Subsidy based on the eligible machinery installed. Under the scheme only the loans sanctioned after 01.04.2012 are eligible. Application should be submitted to MoT within one year from the loan sanction date.

Eligible list of machinery and certificates for determining the eligibility are available in www.txcindia.gov.in. Benefit is available for TUFS benchmarked machinery covering the following activities:

  • Cotton ginning and pressing
  • Silk reeling and twisting
  • Wool scouring, combing and carpet industry
  • Synthetic filament yarn texturing, crimping and twisting
  • Spinning
  • Viscose Staple Fiber(VSF) and Viscose Filament Yarn (VFY)
  • Weaving, knitting and fabric embroidery
  • Technical Textiles including non wovens
  • Garment/design studio/made-up manufacturing
  • Processing of fibers, yarns. Fabrics, garments and made ups
  • Production activities of Jute Industry

Brief about the certificates for determining eligibility criteria:

  • RR 1 – Format for examination of eligibility of the project / term loan for interest / margin money subsidy under Revised Restructured TUFS to the Nodal Agency
  • RR 2 – Format for submitting actual TUFS-related specifications of the plant and machinery / equipment proposed under the projects
  • RR 5, RR 6,RR 7, RR 8 – for seeking eligibility clearance for additional incentive in the form of 10% capital subsidy under various segments.
  • Technical Textile units availing 10% Capital Subsidy will have to obtain a registration number from Office of the Textile Commissioner.
  • In case of imported second hand machinery, a certificate from Chartered Engineer of the exporting country certifying the vintage and residual life with duly countersigned by an Indian Embassy / Consulate in the exporting country must be furnished by the unit.

 

FEEDBACK FROM CUSTOMERS

GRIEVANCE REDRESSAL MECHANISM FOR MSMEs

MAIL TO: dgmcreditretail@vijayabank.co.in

Name of the Nodal officer of the bank for MSME Complaints and queries

Sri A B MAGADUM

 

Asst. General Manager

Credit – Retail & MSME

Email Address:agmcreditretail@vijayabank.co.in

CLICK HERE FOR Application for MSME Loan

MSME Clusters

Specialised MSME branches

Self Employment Training Institute

MSME Quarterly Data

Rehabiliation of SICK MSE Units

Rehabiliation of SICK MSE Units  (For Karnataka State)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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