Star Laghu Udyog Suvidha

Star Laghu Udyog Suvidha Scheme - Features  

Purpose:

To reward our loyal customers in meeting temporary liquidity constraints

Eligibility criteria
1. AAA and AA rated SSI borrowers having a sound track record with net profits at least during the last 3 years and annual turnover in excess of Rs.50 lakhs.

2. The unit should be enjoying limits in excess of Rs.10 lacs..

Amount
50% of Regular limits subject to a max of Rs.50 lacs

Facility
a). Short Term Loans up to and inclusive of 180 days.
b). Channel Credit (both Suppliers & Dealers) by way of Discount of Inland Bills of tenor
upto 180 days
c) Discount of Bills drawn under DA LCs of Prime Banks with usance not exceeding 180
days

Margin
Finance against Stocks 25% Discount of Bills NIL

Interest rate

Short Term Loan facility upto and incl. of 180 days:
2.00% below rate applicable for "AAA" and "AA" rated customers.

Discount of Bills Accepted by Dealers/Beneficiaries of Services:
A further concession of 0.50% below the above rates