केंद्रीय कार्यालय Central
Office
CENTRAL BANK OF INDIA
------------------BRANCH
TO Date--------
M/S
Dear Sir
Reg: Sanction of credit facility under Pradhan Mantri MUDRA Yojana (PMMY)
This has reference to your application dated------- for credit facility under PMMY.
We have considered your request and we are pleased to sanction, T/L, C/C, O/D,
limit of Rs------- out of which MUDRA card limit of Rs. --------- Under the following
terms and conditions.
1. The credit limit will be valid for a period of 1/3 years. However the bank
will undertake yearly review of the C/C, O/D, account on the basis of
turnover in the account. The operation in the account will be allowed if the
account runs satisfactorily.
2. The loan is given for T/L/ Working capital requirement in your business
activity.
3. The credit facility will carry interest @-----%. Interest will be charged every
month and be paid immediately after application. Interest is subject to
variation from time to time as per bank’s policy.
4. CGTMSME composite all in Guarantee Fee to be paid by the borrower.
Payment to be made directly from account for which mandate to be taken
from borrower.
5. A statement of stock/goods/articles financed by and hypothecated to the
bank be given once in six month as of 25 th February and 31st August within
7th March and 7th September respectively.
6. Primary security- Hypothecation of stocks, goods, articles, viz----------------
lying at ---------------- (brief description of the goods and place of storage be
given here.)
MSME Department, Central Office, Mumbai
एमएसएमईविभाग, केंद्रीय कार्यालय,मुंबई.
केंद्रीय कार्यालय Central
Office
7. Stock should be insured for full value and the insurance policy should
contain bank clause.
8. Bank’s name board should be displayed at a prominent place in the
shop/godown.
9. Entire sale proceed should be deposited to bank on day to day basis and
entire transaction should be routed through us.
10.Change of the constitution of the firm can be done only after getting
permission from Bank.
11.At the time of renewal of limit you will have to submit necessary
papers/financial statements or consideration of bank.
12.Additional specific terms and condition if any.
Yours faithfully
Branch Manager
Ps: The branch may add specific /additional terms and conditions if necessary.
Acknowledgement by the party:
Received with thanks a copy of the MUDRA loan sanction letter no------
dated------ The term and conditions of sanction are acceptable to/me/us.
Signature of the borrower(s)
Dated----------------------------
MSME Department, Central Office, Mumbai
एमएसएमईविभाग, केंद्रीय कार्यालय,मुंबई.
केंद्रीय कार्यालय Central
Office
Process Note for MUDRA Loans above Rs 50000/-
1. NAME OF THE APPLICANT/S :______________________________________
_____________________________________
2. ADDRESS OF THE APPLICANT :
3. TYPE OF LOAN : Cash Credit
4. FINANCIAL DATA:
(As per latest Balance Sheet) -----------------------------
Capital
Reserves
Tangible Net Worth
Secured Loans
Unsecured Loans
Out of which, Quasi
Current Liabilities
Fixed Assets
Accumulated Losses, if any
Total Sales
Credit Sales
Net Profit
Cash Profit
Current Ratio
TOL/TNW
DE Ratio
DSCR
5. ASSESSMENT OF WORKING CAPITAL :
a. PROJECTED ANNUAL TURNOVER : Rs.___________________
(PAT)
MSME Department, Central Office, Mumbai
एमएसएमईविभाग, केंद्रीय कार्यालय,मुंबई.
केंद्रीय कार्यालय Central
Office
b. WORKING CAPITAL REQUIREMENT : Rs.___________________
(25% of the PAT)
c. Less: MARGIN: Applicable as per MSME scheme(minimum25%) Rs.___________________.
d. PERMISSIBLE BANK FINANCE (3.b-3.c) : Rs.___________________
(On the basis of Turnover)
6. LOAN APPLIED FOR :Rs._______________________
7. MAXIMUM PERMISSIBLE LOAN : Rs.10.00 lacs
8. AMOUNT OF WORKING CAPITAL RECOMMENDED (Least of 5.d, 6, 7)
a) Rs._____________________ (By way of Mudra card, Disbursement of Working
Capital by Mudra card can be 20% of WC limit, maximum Rs 20000/-
b) Rs _____________________ By way of normal CC Hyp account on CBS.
9. ASSESSMENT OF TERM LOAN:
TERM LOAN APPLIED FOR ITEMS AND QUOTATIONS
a) Machinery: ………………………………….
b) Office equipment …………………………………
c) Others (specify) …………………………………
d) Total …………………………………
LESS MARGIN ………………………………….
TOTAL TERM LOAN RECOMMENDED: ……………………
10. DSCR A minimum of average DSCR of 1.25:1 is acceptable. Higher DSCR will indicate higher
repayment capacity, thus a lower repayment period and vice versa.
Net Profit after tax+Depreciation+Interest on T/L
Installment on term loan +Interest on term loan
11. AMOUNT OF TERM LOAN RECOMMENDED: Rs ……………………………..
11. REPAYMENT
TERM LOAN : In ________EMIs commencing
from _____________
_________ (Max. 60)
MSME Department, Central Office, Mumbai
एमएसएमईविभाग, केंद्रीय कार्यालय,मुंबई.
केंद्रीय कार्यालय Central
Office
12. RATE OF INTEREST :_______________
13. RATING SCORE : _______________
14. CIBIL SCORE :_______________
14. PRE SANCTION INSPECTION DONE ON AND BY WHOM: (Name and designation)
15. JUSTIFICATION:
- Personal Interview held on:
- Declaration of Income Verified from: Books of Account / Units with Similar
Activity.
- Comments on Viability of the Project: Viable / Non Viable
- Experience of the Borrower : Sufficient / Little / None
- Competence to run the Unit : Competent / Not Competent
- Market Demand : High / Moderate / Low
- CIBIL Verification Report:
- Willful Defaulters List Verified : Yes / No(Comments : )
- Comments on KYC Compliance :
- Others :
16. TERMS AND CONDITIONS:
a) All transactions should be routed through the Cash Credit/Mudra card account only.
b) Processing Charges, if applicable, of Rs.____________________ is to be recovered
at the time of disbursement.
c) The necessary documents should be executed before disbursement.
d) Cash Credit Account to be renewed after 12 months.
e) Renewal Charges: 0.10% of loan amount ( Max. Rs. 15,000.00)
f) Term Loan to be repaid in ________ installments
g) Rate of Interest @_________% P.A.
h) Margin : ______% ( 25% as per applicable MSME scheme)
i) Security: Hypothecation of Stock &Receivables (not older than 90 days)
Hypothecation of Machinery purchased out of Bank Finance.
j) Insurance: For full value of Hypothecated against fire,
Earthquake and other hazards.
k) Disbursement: Term Loan will be disbursed directly to the supplier based on
Progress / Project requirements.
Recommendations:
Officer in Charge/ Branch Manager Date:
Sanction:
MSME Department, Central Office, Mumbai
एमएसएमईविभाग, केंद्रीय कार्यालय,मुंबई.
केंद्रीय कार्यालय Central
Office
Branch Manager Date:
MSME Department, Central Office, Mumbai
एमएसएमईविभाग, केंद्रीय कार्यालय,मुंबई.
