MSME

This 'Online MSME Loan Application and e-Tracking System' will allow MSME Sector Customers / Prospective borrowers of Vijaya Bank to apply and e-track the status of their MSME Loan Application at various Stages of Loan Processing. However, it should be noted that, applying online for the MSME 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:
 

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

1. 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

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

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

In case of the above enterprises, investment in plant and machinery is the original cost excluding land and building and the items specified by the Ministry of Small Scale Industries.

 


2.1 Security norms for MSMEs loans:

The Norms with regard to obtention of security or collateral security in respect of Micro and Small Enterprises (MSEs), except for vehicle loans mentioned in point no.2.2; are as under: 

 

 I

Loan amount

Security norms

For loans, not exceeding Rs 10 lakhs (Including loans granted under PMEGP of KVIC and other Govt schemes)

Collateral security shall not be insisted.

II

Above Rs. 10 lakhs upto Rs. 25 lakhs

If the units whose track record and financial position are good as per our bank records obtention/acceptance of collateral security may be dispensed with on case to case basis.

III

 

Above Rs. 10 lakhs upto Rs. 200 lakhs  

 

Collateral security will not be insisted where the loans are eligible to be covered under Credit Guarantee Fund Scheme for Micro and Small enterprises (CGTMSE). If the party is not willing to be covered under CGTMSE and agreeable to offer collateral security to the extent of 100% of the limit sanctioned, in such cases collateral security stipulated as per extant guidelines shall be obtained.

 

 

2.2 Security norms for commercial passenger/goods transport vehicles:

 

 

Loan amount

Security norms

 I

 

 

For loans up to

Rs.10 lacs:

a.    Hypothecation Of vehicle financed

b.    To be covered under Credit guarantee scheme.

II

For loans above

 

Rs.10 lakhs up to Rs.25 lacs: 

 

a.   Hypothecation Of vehicle financed.

b. Suitable third party guarantee acceptable to the Bank and suitable collateral security in the form of LIC policy or Fixed Deposit or Existing Vehicles (less than 5 yr old)or Property or combination of all three to the extent of 25% of the loan.

III

For loans above

Rs.25 lacs

a.    Hypothecation of vehicle

b.    Suitable third party guarantee acceptable to the Bank and

c.    Collateral security in the form of LIC policy or Fixed Deposit or Existing Vehicles(less than 5 yr old) or Property or combination of all three collateral securities to the extent of minimum 50% of the loan.

 

3.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)

4. Udyog Aadhaar Number for MSMEs: Click Here to apply online and register for Udyog Aadhaar Number (UAN).  

5. Delayed payment to MSMEs

6 The bank is also implementing the Prime Minister’s Employment Generation Programme (PMEGP Scheme), Credit linked Capital Subsidy Scheme, Technology Upgradation Fund Scheme (TUFS) for Textiles & Jute Industries.

Technology Upgradation Fund Scheme for Textile and Jute Industry: 

Credit Linked Capital Subsidy Scheme

 

MSME Clusters   

Specialised MSME branches   

Vijaya Bank Self Employment Training Institute   

MSME Quarterly Data   

Rehabiliation of SICK MSE Units   

Rehabiliation of SICK MSE Units  (For Karnataka State)

MOST IMPORTANT TERMS & CONDITIONS FOR MSME LOANS

CHECKLIST OF DOCUMENTS FOR MSME LOANS

Retail Schemes for MSME Sector: 

Bank has launched below mentioned tailor made retail schemes to suit the requirements of different types of MSME entrepreneurs/activities:

 

V-Swadesh

V-Entrepreneur

V-SOD

V-Cab

V-Mortgage

Loan to Road Transport operators (SRTO)

V-Vehicle

V-Swashakti

V-Doctor

V-Auditor

V-Restaurant

V-Dhaanya

      V- Cashew

 

Laghu Udyami Card

V- Mudra Card

V- Mudra Weavers’ Card

 

 FEEDBACK FROM CUSTOMERS

 

GRIEVANCES REDRESSAL MECHANISM FOR MSMEs:
Sri S.K.RASTOGI
Dy. General Manager
Credit – Retail & MSME
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
MAIL TO: agmcreditretail@vijayabank.co.in

 

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