Small & Medium Enterprise(SME)

DIFFERENTIAL RATE OF INTEREST SCHEME

- Objective
+ Credit support to Poorest of the poor and to bring them above Poverty Line
- Eligibility
+Individuals whose annual family income does not exceed Rs 30,000/- in Rural areas & Rs 60,000 in urban & semi-urban areas.
Individual whose land holding does not exceed 1 Acre of irrigated and 2.5 Acres of un-irrigated land.
- Age
+ Minimum 21 years ; Maximum: 65 years
- Maximum Quantum of loan
+Rs 30,000 for house loan purposes.
Rs 20000 for other purposes.
- Margin
+ NIL
- Interest Rate
+.00% per annum (Simple Interest)

MRB TINY CREDIT CARD

- Purpose
+ This scheme aims at providing adequate and timely assistance to the businessman/ artisans to meet their credit requirements both for investments as well as for working capital in a flexible manner and at reasonable rate of interest.The facility will be extended by way of a revolving cash credit and the limit will be fixed based on the assessment made
- Eligibility
+Preference to be given to artisans registered with the Development Commissioner (Handicrafts).
Existing borrowers with limits up to Rs. 50,000.00 and satisfactory track record are also eligible.
- Age
+ Minimum 21 years ; Maximum: 65 years
- Quantum of Loan
+ Maximum of Rs 1.00 lacs
- Margin
+Upto Rs. 30,000/- NIL
Over Rs. 30,000/- and up to Rs. 1 lacs 20%.
- Interest Rate
+ As per Bank's guidelines.

MRB Credit Card

- Purpose
+ To meet any kind of credit requirements of SSI units, tiny units, village industries, retail traders, professionals & self-employed
- Age
+ Minimum 21 years ; Maximum: 65 years
- Eligibility
+Customers of the following segments with a satisfactory track record for the last two years:-
Small industrial units
Small retail traders
Professionals & self-employed persons
Small business enterprises
Transport operators
Units who do not enjoy credit limit with us / other banks at present with excellent performance and credentials may be considered.
- Quantum of Loan
+ Maximum of Rs 10 lakhs
- Margin
+Upto Rs 25000/ - Nil
Above Rs 25000/- 20%
- Interest Rate
+ Interest will be charged at prevailing rate on daily reducing balance at monthly rest.

TRADER EASY LOAN

- Objective
+ This scheme provides hassle free finance to borrowers in trade and service sector who are willing to furnish mortgage of property of adequate value, for acquiring fixed assets needed for business purposes and/or for build-up of inventory/current assets.
- Age
+ Minimum 21 years ; Maximum: 65 years
- Eligibility
+Existing customers;
New connections including takeovers;
First generation entrepreneurs as well as promoters of existing units for the purpose of setting up new unit. The following categories of borrowers will be covered:
Small business enterprises,
Retail traders/wholesale,
Professional and Self-employed traders,
Commission Agents.
- Quantum of Loan
+Minimum - Rs 1 lac
Maximum - Rs 5 crores
- Margin
+% of the realizable value of the property
- Interest Rate
+ Interest will be charged at prevailing rate on daily reducing balance at monthly rest.

OPEN TERM LOAN

- Objective
+ The product is a pre-approved term loan facility with option of multiple disbursements for multiple purposes. The product is aimed at facilitating growth among well rated existing customers.
- Age
+Minimum 21 years ;
Maximum: 65 years
- Target Group
+All units under Manufacturing sector;
Under Service sector: Educational Institution, Healthcare Industry (Hospital, Doctors, Pathological Labs, and Nursing Home), Hospitality Industry (Hotels, Restaurants, and Health Club etc), and Transport Operators with minimum 25 vehicles.
- Quantum of Loan
+% of total limit sanctioned with a maximum of Rs. 5 crores
- Margin
+ Margin at 25% uniformly.
- Interest Rate
+ Interest will be charged at prevailing rate on daily reducing balance at monthly rest.

MRB SHOPPE PLUS SCHEME

- Objective
+Seeing the recent all round growth of new multiplex structures and shopping complexes in urban and metro centres“MRB Shoppe Plus” has been devised to tap the potential available for financing:
The purchase of premises for new or old shops/establishments/offices by SMEs, SSSBEs, self-employed and professional persons, etc.
Expansion / addition / alteration / modernization / renovation / facelifting of the above types of business premises
Setting up of dealership showrooms under tie-up arrangement with the reputed industrial/business houses
Acquisition of premises for Training Centres, Service Centres, Repair Centres, Garages, etc.
Purchase of furniture / fixtures, electrical fittings and other accessories required for hops /establishments /showrooms / offices.
- Age
+ Minimum 21 years ; Maximum: 65 years
- Eligibility
+ Individuals, proprietorship & partnership firms, trusts, franchises are eligible to avail financial assistance for the purposes mentioned above.
- Quantum of Loan
+ The cost of purchase / acquisition of the business premises, furniture, fixtures, etc. less the stipulated prescribed margin subject to a maximum limit of Rs. 20 lacs.
- Margin
+Purchase /acquiring new property : 25%
Purchase /acquiring of old property: 40%
- Interest Rate
+ Interest will be charged at prevailing rate on daily reducing balance at monthly rest.

MRB SCHOOL PLUS SCHEME

- Objective
+Financing to
Primary and Higher secondary schools.
Graduation, Under-Graduation and Post-Graduation colleges
For the purpose of
Purchase of land for building / play ground
Construction of school building / auditorium
Repair / renovation of existing building
Purchase of computer and related equipment
Purchase of books / manuals / software and other training material
Purchase of laboratory equipment
Purchase of furniture / fixtures
Purchase of sports equipmentEquipment for mid day meal scheme
Purchase of buses for student transportation
Note: Professional colleges and coaching institutes are excluded from this scheme.
- Eligibility
+Government Aided schools / colleges.
Private schools / collegesSchools / colleges run by trusts of good standing
Technical institutes recognized by AICTE / NBA /MCI
- Quantum of Loan
+ No limit
- Margin
+% of the project cost
- Interest Rate
+ Interest will be charged at prevailing rate on daily reducing balance at monthly rest.

MRB DOCTOR PLUS SCHEME

MRB DOCTOR PLUS SCHEME (FOR FINANCING MEDICAL PRACTITIONERS)

- Purpose
+The scheme envisages financing to qualified medical practitioners for
Buying equipments
Setting up clinics or clinic-cum-residence, etc.
Purchase of vehicles, ambulance, computers
Expansion/renovation/modernisation of existing premises
Any other activity related to medical profession.
- Age
+ Minimum 21 years ; Maximum: 65 years
- Eligibility
+ Individuals, Proprietorships,\Partnerships, Limited\Companies, Trusts are eligible to avail of the facilities offered by the scheme. The promoters/promoters should be registered qualified medical practitioners with minimum degrees, as MBBS /BAMS / GAMS/ BDS/BHMS.
- Quantum of Loan
+Rural & Semi-urban Individuals/Proprietorships: Rs 5 crore
Rural & Semi-urban Corporates/Partnerships/Trusts: Rs 5 crore
Urban & Metro Individuals/Proprietorships: Rs 5 crore
Urban & Metro Corporates/Partnerships/Trusts: Rs 10 crore
- Margin
+Upto Rs. 10 Lacs – 15%
Over Rs. 10 Lacs upto
Rs. 5 crores – 20%Rs. 5 crores - Rs. 10 crores – 25%
- Interest Rate
+ Interest will be charged at prevailing rate on daily reducing balance at monthly rest.

PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (PMEGP)

- Purpose
+To generate employment opportunities in rural as well as urban areas through setting up of self-employment ventures;
To provide continuance & sustainable employment to a large segment of traditional and prospective artisans and unemployed youth, so as to help arrest migration of rural youth to urban areas.
- Age
+ Minimum 18years
- Eligibility
+Any adult individual beneficiary above 18 years of age
There will be no income ceiling for assistance under PMEGP
For setting up of project costing above Rs. 10 lakh in manufacturing sector and above Rs. 5 lakh in the business/service sector, the beneficiaries should possess at least VIII Standard pass education qualification.
Assistance under the scheme is available only for new projects sanctioned specifically under the PMEGP.
- Quantum of Loan
+Maximum limit:Rs. 25.00 lakh for Manufacturing unit
Rs. 10.00 lakh for Service unit
- Margin
+General Category: 10%
Special Category: 5%
- Interest Rate
+ As per Bank's guidelines.

STAND UP INDIA

- Purpose
+ To meet all kinds of credit requirement for setting up Greenfield projects under manufacturing, services or the trading sector SC/ST and/or woman entrepreneurs.
- Eligibility
+SC/ST and/or woman entrepreneurs above 18 years of age
Loans under the scheme is available for only green field project (first time venture) of the beneficiary in the manufacturing or services or trading sector.
In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.
- Quantum of Loan
+Minimum – More than Rs. 10 lakh
Maximum – Rs. 1 crore
- Margin
+ Minimum mandatory margin is 10%.
- Interest Rate
+ Interest will be charged at prevailing rate on daily reducing balance at monthly rest.

PRADHAN MANTRI MUDRA YOJANA (PMMY)

Category	Loan Limit	Key Feature
Shishu	Up to Rs 50000/-	Meant for non-farm enterprises in manufacturing, trading & services Hassle free, flexible credit product No collateral Term & working capital loan Repayment in maximum period extended up to 5 years
Kishore	Rs 50001 to Rs 5 lakh
Tarun	Above Rs 5 lakh & up to Rs 10 lakh
Margins	Shishu Loan : Not Applicable Kishore and Tarun Loans : 10%
Rate of Interest	Interest will be charged at prevailing rate on daily reducing balance at monthly rest.

On April 8, 2015 the Hon’ble Prime Minister launched the Pradhan Mantri MUDRA Yojana (PMMY) with a mission to create an inclusive, sustainable and value based entrepreneurial culture.
The scheme aims at providing loans to Small Business activities under Manufacturing, Service, Small Business and Trade (non-farm enterprises) & covered under the following three sub-categories based on loan limit: