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PNB - Accelerating A New Momentum For The SSI Sector |
SSI Schemes
The spirit of Enterprise knows no boundaries, irrespective of the scale of operations. Realizing the significance that, SSI Sector contributes 40% of the gross turnover in Manufacturing Sector, gives employment to 283 lakh persons, produces 7500 products and contributes more than 35% of the country's exports, PNB has formulated a number of measures to provide a impetus for the growth of the SSI Sector.
Amount Of Loan
- Term Loan (Need based).
- Working Capital Loan liberally sanctioned at 20% of projected annual turnover basis.
- Composite Loan Limit has been raised to Rs. 100 Lakh (for Term Loan Working Capital).
Margin : Comfortable margin options available.
- Expedious sanction upto Rs.10.00 Lakh for borrowers having good track record, under Laghu Udyami Card and Rs. 2 lakh under PNB Artisans Credit Card Scheme.
- Simplified Loan Application Forms for convenience of borrowers.
- Loan Applications complete in all respects duly receipted & acknowledged.
- Speedy Processing within specified time norms.
| Upto Rs.2 Lakh |
2 weeks |
| Over Rs.2 Lakh and upto Rs.5 Lakh |
4 weeks |
| Over Rs.5 Lakh |
8 -9 weeks |
Rate Of Interest
- Advances upto Rs.50, 000 at BPLR* minus 2%.
- Advances above Rs.50,000 & upto Rs.2 Lakh at BPLR minus 1%.
- Advances Above Rs.2 Lakh & upto Rs.20 Lakh at BPLR.
- Advances Above Rs.20 Lakh - Linked with Credit Risk Rating.
- Interest Rebate of 0.50% and margin at 10%, irrespective of loan amount, available to women borrowers under Mahila Sashaktikaran Abhiyan.
(Term Premia of 0.50% is to be added for arriving at interest rate in respect of loans repayable in 3 years & above. *BPLR 11.50% p.a )
Collateral Security
- Advances upto Rs.5.00 Lakh without collateral security.
- Advances over Rs.5 Lakh and upto Rs.25 Lakh, based on good track record and financial position, no collateral insisted upon.
- Advances upto Rs.25 Lakh guaranteed under Credit Guarantee Fund Trust for Small Industries Scheme (for manufacturing SSI, service Industries & IT units) without collateral security.
SSI SCHEMES
Sarthak Udyami - Scheme for financing SSI
SME Sahayog Scheme
PNB Vikas Udyami - Scheme for Loans acquisition of ISO - 9000 Series Certification
PNB Pragati Udyami - Scheme for financing SSI related Services / Business Enterprises
PNB Artisan Credit Card - Scheme to provide hassle free financial support to Artisan
PNB Laghu Udyami Credit Card - A simplified Loan Delivery Mechanism
Loans for setting up Industrial Estates
PNB Kushal Udyami
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