Corporation Bank

Priority Sector & MSME

Charter for Small Scale Industries

1. Acknowledgments for receipt of loan application by branch by affixing date stamp.

2. Time Norms for disposal of loan applications:

a] Upto Rs. 25,000 - Within 2 weeks*
b] Over Rs. 25000 & upto Rs. 5 lacs - Within 4 weeks*
c] Over Rs. 5 lacs - Within 8-9 weeks*

* from the date of receipt of duly completed loan application and check list

3. No collateral security for advances upto Rs. 5 lacs and for Advances over Rs. 5 lac upto Rs. 25 lakh based on good track record and financial position.

4. Composite loan upto Rs. 100 lakh is sanctioned to SSI units.

5. Loan quantum : Minimum 20% of projected annual sales turnover (Nayak committee norms) for working capital requirement.

6. Margin Money Requirement(Contribution by the Borrower):

Loans upto Rs. 25,000/- NIL
Loans above Rs. 25,000/- 15% to 25%

7. Rate of Interest with effect from 1.1.2009

Borrower Category	Tenor upto 1 year	Tenor above 1 year
A) Credit limits upto & inclusive of Rs.0.50 lakhs	10.50 %	11.00 %
B) Credit limits above Rs. 0.50 lakhs and upto & inclusive of Rs. 1 crore	11.50%	12.00%
C) Credit limit above Rs 100 lakh (Depending upon Borrower grade)	Maximum @ COBAR + 0.50%i.e.,13.00%	Maximum @ COBAR +0.50%i.e., 13.00%

For PMRY Beneficiaries eligible for Subsidy:

List 1:

List 2:

PMRY subsidy claims for Programme Year 2007-2008

MSME Loan Schemes

Bank’s e-mail ID for MSME Clients

Bank's Base Rate & BPLR for Lending

Dairy Venture Capital Fund Scheme

One-Time Settlement Scheme for NPA A/cs under Micro & Small Enterprises

Corp Kisan Vehicle Loan Yojna

Corp Kisan Farm Mechanisation Scheme

Corp Kisan Tie-Up Loan Scheme

Corp Gram Mitra Yojana[CGMY]

Beneficiary List under Agricultural Debt Waiver & Debt Relief Scheme-2008

Schemes under Priority Sector

Providing Financial Services through BC

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