State Bank of India presents Smart SME Products for Smart Businesses
SME Products State Bank of India has been playing a vital role in the development of small scale industries since The Bank has developed a wide array of products to meet the changing needs of the industry. It provides end -to -end solutions for the financial needs of the industry. To service the specific credit needs of small and medium enterprise (SME) the Bank established the Small & Medium Enterprise business unit in Apart from the general working capital requirements (like Cash credit, Bill Discounting limits, LC, BG etc) to meet the day to day requirements and term loans to take care of investment needs for acquiring fixed assets, Bank has an array of products/schemes to cater to the enterprise specific requirements of SME Units both in Manufacturing and Trade and services sectors. Brief details of some of the schemes are as under:
SME Loan Products For Micro Enterprises and SSIs SME Credit Card (Up to Rs.10 Lakh) SME Smart Score (Up to Rs.50 Lakh) For Startups SBI SMILE (Interest Free Loan as equity) Term Loans for SSIs General Purpose Term Loan for SSI Sector (Up to Rs.50 Lakh) Open Term Loan (Up to Rs.2.5 Cr) Corporate Loan (Fro Rs.25 Lakh up to Rs.10 Cr) Add Ons SME Credit Plus Standby Line of Credit for Working Capital Food processing Rice Mill Plus Dal Mill Plus Collateral Free Loan SME Collateral Free Loan For Traders Traders Easy Loan Flexi Loan for Trade and Services For Doctors Doctor Plus For Schools & Institutes School Plus For Shop Owners SBI Shoppe SBI Shoppe Plus For Restaurant owners Finance to Restaurants For Transport Operators Transport Plus For skill based businesses Artisan Credit Card For Vendors and Dealers: Supply Chain Finance Electronic Vendor Finance Scheme Electronic Dealer Finance Scheme Loans to Women Entrepreneur Stree Shakti Scheme Miscellaneous Rent Plus SME Construction Equipment Loan SME Car Loan
SME Liability and Transaction Products SBI Power SAHAJ Current Account Surabhi Deposit Account Surabhi Deposit Account B2B Payment Solution Power Jyoti Current Account
For Micro Enterprises and SSIs SME Credit Card (Up to Rs.10 Lakh) Product provides loans for the micro enterprises including SSI units, small business enterprises, professional and self employed persons, small retail traders, transport operators etc for meeting any kind of credit requirement including purchase of shops, maximum limit being Rs 10 lakhs including term loan & working capital loan. The loan will be sanctioned for 3 years with an annual review. This product has simplified sanction process without requirement of elaborate financial data. The borrower will be provided a photo identity card and a passbook giving details of the limit and validity of the facility. A cheque book marked as SME Credit Card and a pass book would be issued to the customer. SME Smart Score (Up to Rs.50 Lakh) The Loan product is for units in Micro and Small Enterprise sector in manufacturing trade and services segments to meet working capital needs and for acquisition of fixed assets. A simplified appraisal model has been developed to standardize the appraisal process for loans upto Rs 50 lakhs in SSI sector and upto Rs 25 lakhs for trade and services sector available with attractive interest rates. The loan will be sanctioned for 2 years with an annual review. Back
For Startups SBI SMILE (Interest Free Loan as equity) The scheme envisages grant of interest free loan as equity assistance towards part of margin requirements of the project, to assist eligible professional and technically qualified entrepreneurs setting up new Micro and Small enterprises and units covered under the Bank’s Project uptech for technology upgradation. Equity assistance is up to a maximum of Rs.10 lakhs. Professional and Technically qualified persons will cover doctors including dentists, engineers, and management graduates etc. The interest free loan is repayable in 3 years with a moratorium period of 5-7 years. Back
Term Loans General Purpose Term Loan for SSI Sector (Up to Rs.50 Lakh) This product is for existing borrowers for any general commercial purpose such as shoring up of Net Working capital, substitution of high cost debt, R&D, ISO certification etc, subject to disbursement being made in line with the specific purpose approved. Maximum loan available is Rs 50 lakhs repayable in maximum period of 5 years. Open Term Loan (Up to Rs.2.5 Cr) A pre-sanctioned term loan with limit upto Rs 2.5 crore for existing or new corporate or non-corporate customers in manufacturing sector and upto Rs 1 crore for hotels, hospitals, educational institutions in service sector. The scheme provides option of multiple disbursements for multiple purposes like expansion/modernization, substitution of high cost debt, up-gradation of technology, energy conservation system, acquisition of software, hardware, visits abroad for acquiring technology, finalizing deals, participation in fairs, market promotion etc. The sanctioned limit is valid for 1 year. Margin requirement is 10%. The borrower can utilize pre-approved sanction to plan capital expenditure and negotiate with suppliers of machinery and finalize best possible contract. Corporate Loan (Fro Rs.25 Lakh up to Rs.10 Cr) The scheme provides term loan for all existing customers and established non customers (subject to takeover norms of the Bank) in manufacturing sector for repayment of high cost debt, VRS scheme expenses, on going capital expenditure such as replacement of parts of machineries, upgradation and renovation, shoring up of net working capital, R&D expenses, acquisition of tools jigs etc. Quantum of Finance is minimum Rs.25 lakhs and maximum Rs.10 crores for non Corporate and no cap for Corporate borrowers. No Margins are required under the scheme. A maximum of three corporate loans can be outstanding per borrower at any point of time. Back
Add Ons SME Credit Plus For existing and new borrowers this scheme provides a clean cash credit facility to meet contingencies, sudden and unforeseen expenditures like repairs, meeting bulk orders, tax payments, mismatch in cash flows etc. Under the scheme 20% of aggregate WC or max Rs.25 lakhs fund based limit can be availed. Margins are not required and interest rate will be same as applicable to cash credit limit. The facility is repayable in 2 months and can be availed for 12 times a year Standby Line of Credit for Working Capital For existing units including export units, an additional Working Capital(Fund based & non Fund based) limit by way of cash credit, packing credit and bills discounting against stock, receivables to meet contingencies like bunching of orders, delay in shipment, sudden increase in raw material prices, mismatch in cash flows. Under this 15% of aggregate Working Capital or max Rs.5 crore can be availed. Margins as applicable to original limit. The facility is repayable in 2 months and can be availed any number of times in a calendar year Back
Food processing Rice Mill Plus Term loan for acquisition of machinery/factory building for modernization/ expansion and working capital needs of Rice Mills engaged in milling, sorting, grading and polishing. No upper ceiling on loan amount. Dal Mill Plus Term loan for Dal mill owners for acquisition of machinery, factory building, modernization and all working capital needs. Back
Collateral Free Loans SME Collateral Free Loan (SMECFL) Collateral free loan for viable projects of micro and small enterprises in manufacturing and service sector with maximum guarantee cover up to Rs.1.00 crore under CGTMSE guarantee scheme for working capital & Term Loan (FB+NFB) facilities. Back
For Traders Traders Easy Loan Easy loan for specific business needs of traders, wholesalers and professionals, self-employed, small business enterprises, agents engaged in purchase and sale of food grains, commodities, cold storage units, having collaterals like land, buildings and liquid securities. Loan can be availed for normal day to day business requirements or for purchase of equipments/ fixed assets. Loan is available upto Rs 5 crore with very competitive rate of interest. Flexi Loan for Trade and Services Term Loans to well established whole sale and Retail Traders, distributors, stockists, construction, transport & supply contractors, hospitals, nursing homes, clinical labs, resorts, travel agents etc for any general purpose such as holding of stocks, book debts, acquisition of land and building, renovation of office/showroom, purchase of vehicles, equipment etc. Repayable in 3-5 years but in deserving cases extendable up to 8 years. Maximum loan Rs.1.00 crore. Back
For Doctors Doctor Plus Loans to Doctors for setting up clinics/ nursing homes, Pathological Labs, drug stores, ambulances, computers, vehicles including expansion/ renovation of existing premises etc. Available for all streams viz. Allopathy, Homeopathy, Ayurvedic etc. Low Margins at %, with loans up to Rs.5.00 crore. repayable in 7 years. Back
For Schools & Institutes School Plus Term Loans to educational institutions including primary and higher secondary schools, graduation, under- graduation and post-graduation colleges, technical institutes recognized by AICTE/NBA/MCI available for purchase of land and building, repairs/ renovation, furniture, equipment, computers, vehicles, purchase of books/manuals/software and other training material, sports equipments, equipment for mid day meals scheme etc. Margins 15%, concessions in interest rates, repayable in 7 years. Back
For Shop Owners SBI Shoppe Loans for present and prospective owners of shops/ offices/ show-rooms/ training centres/ service centres/ garages/ offices for Chartered Accountants/ Consultants for the purchase / repair/ renovation of new/ old shops/ establishments/ offices/ dealer’s showroom etc. Maximum Term loan available is Rs 20 lakhs repayable in 3-7 years. SBI Shoppe Plus Loan to individuals/ proprietors/ partners etc with a steady source of income and possessing necessary approvals for construction of their residential house and for construction of office/shop, purchase of furniture, equipment, etc. Loan is given for purchase of residential houses and for office space as well. The scheme is a combination of housing loan and SBI Shoppe for professionals and self employed entrepreneurs. Back
For Restaurant owners Finance to Restaurants Loans to the Owners of Restaurants and Fast food chains for purchase of kitchen equipments, investment in interior decoration, purchase of furniture and fixtures, purchase of land and construction of buildings etc. The loans are repayable in maximum period of 7 years. Simple sanction process. Back
For Transport Operators Transport Plus Term loans for purchase of new transport vehicles at cost on road basis and working capital facilities against the receivables. Loans are available for surface transport operators owning more than 10 well maintained and road worthy vehicles including trucks, tankers, tippers, luxury buses. Margins 20% for term loans and working capital loans. Concessions in interest rates are also available. Back
For skill based businesses Artisan Credit Card The scheme provides loans to Artisans to meet their credit requirements both for investments as well as working capital in a flexible manner at liberal rates of interest. A photo Id card and a passbook will be issued and the limit is valid for 3 years subject to annual review. Beneficiaries registered with the Development Commissioner (Handicrafts) will be eligible for insurance cover under group guarantee scheme for which premium will be paid by the government and the beneficiaries in the ratio of 60:40. Maximum loan under the scheme is Rs Lakh No collateral security is required. Loans will be covered under CGTMSE scheme, the fees for the same will be reimbursement by the Development Commissioner (Handicrafts, Ministry of Textile, GOI) Back
Loans to Women Entrepreneur Stree Shakti Scheme For women entrepreneurs in Retail trade, Business enterprises, Professionals and self employed, small scale units or tiny units where the women entrepreneur’s stake is more than 51%, Term Loan & Working Capital facility is available with concessionary margins and interest rates. Back
Miscellaneous Rent Plus Loan is given for purchase of residential house and for office space as well. The scheme is a combination of housing loan and SBI Shoppe for professionals and self employed entrepreneurs. The loan is to meet the liquidity mismatches of the borrowers business SME Construction Equipment Loan Term Loan for purchase of construction equipments viz. loaders, excavators, cranes etc., for contractors and firms engaged in construction activity. Loan is not available for purchasing old machinery/ vehicles. Maximum loan available is upto Rs 25 crore with minimum margin applicable upto 15%. Tenure of loan can be extended upto maximum of 4 years. SME Car Loan Loans for purchase of passenger cars, jeeps, multi utility vehicles etc., to the promoter/partner/senior executives of the SME units having borrowing arrangements with the Bank/ their family members either in their own name or the units name as per the choice of the customer. SME Current Account holders of the Bank or their family member either in their own name or in the unit’s name, and other SME clients subject to obtaining a NOC from the bank where they might have a loan account, are also eligible. MCG units of the Bank will also be eligible for the product. Loans available for used cars also. Back
For Vendors and Dealers: Supply Chain Finance Supply Chain Financing is an online collaborative platform for the banks, buyers and sellers for transactions and financing across the financial supply chain. Electronic Vendor Finance Scheme The scheme provides for financing receivables of vendors of reputed Cor porates/ Industry majors (IMs). The scheme is a completely web based so lution with minimal branch intervention and provides instant credit to ven dors account electronically. This enables both the Industry Majors and their vendors to achieve the objective of Just In Time production. The vendors enjoy timely availability of funds. Electronic Dealer Finance Scheme The scheme provides for financing purchases of Dealers from Corporates/Industry Majors (IMs). It is a completely web based solution with customized MIS provided to the stakeholders. The Industry Major enjoys timely availability of funds. The dealer can make effective utilization on working capital funds. Both Industry Major and dealer can make use of improved cash flow forecasting. Back
SBI Power Value added Current account with eight variants with concessions in cash transaction, remittances, collections and various other banking needs, based on the Quarterly Average Balance (QAB) maintained by our business customers. POWERCURRENTACCOUNTVARIANTS POWER PACK QAB – Rs.5lacs POWER PREMIUM QAB – Rs.4lacs POWER PRIVILEGE QAB –Rs.3lacs POWER ADVANTAGE QAB – Rs.2lacs POWER GAIN QAB – Rs.1lacs POWER SUPER QAB – Rs.75,000 POWER LITE QAB – Rs.40,000 POWER BASE QAB – Rs.20,000 Back
Sahaj and Surabhi SAHAJ Current Account A special Current account for entrepreneurs having small means and who are otherwise not able to have an account with the Bank. They can open account with us with a Quarterly Average Balance of Rs.1,000/- only. Surabhi deposit account To cover that section of non-individual customers who have surplus funds for investments, but at the same time need the Convenience of liquidity. Accounts under SURABHI Scheme are Savings Bank/Current Accounts with auto sweep and reverse sweep facility. Back
B2B & Power Jyoti B2B Payment Solution A complete IT solution to Corporate needs. The dealers/retailers can pool periodical remittances in the pooling account of their service/commodity major with customized MIS availability. Power Jyoti Current Account A one stop solution for Fee Collection of educational institutions, recruitment agencies and other SME customers. The highlight of the product is that the funds could be transferred without the remitter having an account in our bank. We have also customized Power Jyoti for brokers. Back
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