This is probably the first time that a large Nationalized Bank will be offering Loans without any collateral to Indian SME’s !
The global economy slowdown dented the manufacturing sector. Increasing costs, lack of demand and inventories piling up has hurt the manufacturing sector and primarily the SME sector.
Moreover, with the global outlook uncertain, the existing SME’s seem to be in doubt before making any fresh investments for expansion. Interest rates and the fear of not being to factor in the interest payments becomes a deterrent for SME’s looking to avail loans in this fiscal.
To address these tough challenges faced by existing and aspiring SME enterprises, State Bank of India has come out with three sets of solutions. (source)
These are products known as SBI Micro, SME Care and SME Help.
SBI Micro:
This is a loan scheme for new SME ventures that require a small loan size of up to Rs 5 lakh. The loan is offered by SBI without any other collateral security at a very attractive interest rate structure. The bank charges a fixed rate of 8% per annum on the loan with no hidden or other charges like processing fee or inspection charges. The loan is repayable in three years.
SME units with slightly higher investment and loan requirements are offered loans up to Rs 25 lakh at an interest rate of 10% per annum.
This, too, is offered without any collateral security and with the guarantee cover of CGTMSE. This is available till September 30, 2009.
SME Care:
This is a special package for existing SME customers. An existing customer with a current level of loans up to Rs 10 crore is eligible for this assistance.
Under this scheme, the bank offers additional working capital limits to the tune of 20% of the present working capital limits at 8% interest rate. To enable the SME units to avail of these limits without having to bring in additional capital funds as margin, the bank has relaxed the margin norms and extended cover period for receivables.
It now allows a longer holding period for inventory and does not insist on additional collateral security to cover the new SME Care limit. This scheme is currently available till September 30, 2009.
SME Help:
Existing SME units that desire to make additional investment in the current economic situation require some soft support. This is provided by SBI in the form of SME Help. Under this scheme, any existing SME customer making additional capex and, hence, requiring term-loan assistance is given a new term loan repayable in 5 years.
The interest rate for the first two years stays at 8% per annum interest rate and will be reset at appropriate rate as applicable to the SME unit based on its risk rating.
This move sure looks like a welcome move for the SME sector struggling to come out of the current slowdown unscathed. The focus on SME is important as they are the building blocks of our economy and SBI is sure playing its part in ensuring that the SME sector never feels shortage of capital.
We need more such steps to ensure that SMEs stay afloat during these tough times. Also, these kind of schemes will encourage Entrepreneurship which is the need of the hour right now !
[This post is written by Ankit Agarwal, an ERP Consultant by profession, a wannabe entrepreneur and stock market stalker by passion]
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{ 58 comments… read them below or add one }
Dear sir
sme loan should be for good repayment track client will be coltral free
anand
bangalore
i need sme loan for mineral water industry under cgtmse scheme.
if any body is interested to finance my project pls let me know
thanking u
arun
required rs 40 lacs of colletral free loan for 20 yrs old running factory. send terms [email protected]
sir
i m mohanasundram i m doing finance consultnat i will arrange loan upto 15 crores send ur company details annual turnover more than 50 crores and bank loan facility ur loan requiements
yours
p.mohanasundram, 9551299933, 9677287455
i want loan 3 cross withouth security loan “manufacturing” prosess
Product Disposable syringe and iv set, iv caanal ext
send ur details i will arrange unsecurd loan upto 15 crores
my phone no : 09941262450 and 09003104252
i need loan of 25 crore without any security or collateral or any strings attached this money will be carefully spent on my basic needs such as a owning a bmw M5 a audi q7 and a E-class for my daily usage i would be purchasing a laura and toyota fortuner i will be upgrading to a slightly bigger house costing aprox 6 crore and would also be purchasing 2 smaller houses costing 3 crore in diffrent cities my daily expinditure needs would be around 20-30 thousand including food & servants while i am in india and while i am abroad that figure can reach aprox 1-2 lacks depending how beautiful my ho is, and the balance money would be kept safely by me until any emergency requirements by me.
Thanks all of you a lot and awaiting potential investors eagerly
dear sir i m P.Mohana sundram from chennai doing finance consultant i will arrange finance up to 15 crores without collatral unsecured loans who one need call me
09941262450 and 09003104252
i am interested in getting loan without any security to start a pharmacutical trading, let me noe the details
dear sir i K.Kadiresan from madurai doing finance consultant i will arrange finance up to 25 crores without collatral unsecured loans who one need call me
08608884182
I M YOUNG GROWING PERSON WITH ENDLESS THINKING AT THE AGE OF 25 YEARS
I WANTS TO ESTABLISH AN ICE FACTORY IN MORADABAD. IF ANY ONE CAN SUPPORT MY PROJECT FINANCIALLY WHICH REQUIRES AN INVESTMENT OF NEAR ABOUT 80LAKS CAN CONTACT ME IMMEDIATLY
TARUN KAPOOR
55 ADARSH NAGAR IDDGAH ROAD
MORADABAD-244001
09837437384
0591-2491645
i need rs 10 lakhs loan for starting a paper cup indusrty without collateral
i want to start company which provides biomass energy and renewable energy
how can u help me?
Hi,
I need loand for Rs.1 crore & 50 lakhs to establish an organic agriculture and resort project to be based near Mysore. the interest per annum should be below 6%, payment of principle after six months, repayment over a period of 10 years on reducing balance. No collaterals, any initial charges would be paid after receipt of loan amount in full.If interested kindly mail your interest to [email protected] at the earliest.
dear sir i K.Kadiresan from madurai doing finance consultant i will arrange finance up to 25 crores without collatral unsecured loans who one need call me
i have a requirement of 25 lacs for a period of 3 years, please advice your terms and conditions.
i m 18 year old young person i neede 10 to 20 lakh loan without security and without gauranter. i want to start radymade garments compny in bhopal
I need a loan of Rs.15 lakhs without any Collateral to start a new business venture in retail super market with innovative ideas in chennai.
If anybody interested, Let me know..
Get me at: [email protected]
i am a propritor to run a NON CONVENTIONAL ENERGY GOODS Manufacturingn unitSOLAR S P Vbase item but sb i ichapur 24 p g s, n, BRANCH MANAGER for deliberate harassment an misbehavior relating tonon
IMPLEMENTATION OF MY VALUABLE GOVT ORDER Ineed 50 ,00000/ to execute my coming order
ineed a loan of 50lakhs without collateral forexpanding my business of cakes and sweets
sir,
i am in the business of maintainance of transmission line towers right now i have ready orders to be executed for a state owened company iam in need of working captial if any body will to invest contact me on my email id [email protected].
i am a b.tech(MECHANICAL) degree holder and want loan of 5 crore to start my own polytechnic college . can any one have any idea??
sir .i want to start fertilizer and chemical whole sale business in guwahati .i need RS 20 lakhs for this w out security and guranter.please advice me.waiting for rep
Any one needing any help in sme finance can contact me as i am an employee in one of the leading PSU banks in india. You can mail me along with your contact number at [email protected]. My fees for each of the loan sanction would be 5% of the loan amount applied.
I’m a finance consultant and have tie-up with various bank for loan funding on pan India for new projects, expanssion of busniess, CC/ O/d, Term Loan, BG, LC etc for any financial assistance need please mail me your requirement. Thank You
i need sme loan for mineral water industry under cgtmse scheme.
if any body is interested to finance my project pls let me know
thanking u
arun
Provide your contact details to proceed
i have a requirement of 25 lacs for my company that is into the modular furnitures business in bangalore india.
please let me know if it is possible by you to get the loan and kindly let me know your terms and conditions also.
regards
raviprasad
Hi everybody,
I am Gautam Mazumdar from Mumbai.
Looking out for finance for my e-commerce site.
I meet new guys who are potential funders everyday.
Chatered accountants, company secretaries , merchant bankers, vc, seed capital funders, advocates, high networth individuals bankers,agents,brokers.
All of them are connected to someone who has funds or pretends to be wealthy.
Everybody wants security
Everybody wants transperency
Everybody wants accountability
Nobody wants to share the risk.
Risk is a purely your asset
Nobody wants it except you,not even your family.
Its a very personal asset,in form of idea which lives in your brain.
You eat drink & sleep with it.
Geting funds is an formula, apply it.
Everyone of us will learn it our own way.
All the best to all my enterprenuer friends
Gautam Mazumdar
AVAIL P.L rs 15/25 lks,B.L/H.L/L.A.P______-2/5/25 CRS .SANCTION IN 48-52 HRS.FROM BANKING AND PRIVATE SECTOR.EVEN LOCK AND KEY CASES CAN B DONE.PLZZZZZZZZZZZZZZ DO CL OMI ON 9699578810.
Arun & Ankit,
For a foreign company that wants to develop a project (like solar farm or manufacturing plant) in India, what are the options to raise funds in India.
I can be reached at [email protected].
I have a two-wheeler finance company. I want to get a loan for my finance business. Please guide me whether such loan is available. U can kindly contact me on 09890495659, 09325481958
Require Finance for setting up waste to energy convertion manufacturing unit in India
We looking for finances / Investor for a waste to energy convertion manufacturing project in India.
Interested parties do contact for further details at [email protected]
sir, iam in need of 5 lakhs to grow my cloth shop,but i don”t have any security.Help me to arrange it sir. Thank you
sir,
iam in need of 2 lakhs to grow my cloth shop,but i don”t have any security.Help me to arrange it sir.
Thank you
I plan to start an Chain of Retail Chemist store for which i seek partner to invest ,as full knowledge and detail of project ready. If any one interested please rever mail, i can be contacted at [email protected]
I have a two-wheeler finance company. Anyone interested in investing in the company can contact me on 09890495659.
we need 25lacs loan for developing our business.all ready we are running garments industry at moula-ali 9700233123,9000748111
Sir,
my dad is one of the partner in a Paper cup manufacturing company and now we are planning to buy back the shares from all the partners . we will be requiring around 2.5 crore for this purpose…
can u suggest a good option to avail the required amount without any collateral…
I am planning to start a training institiute for BBC , my investement would be around 10 Lacs, pl let me know how i cna get this lona with out any colletral
Sir, I want loan without any collateral security and I will honor my
commitment. Best regards. highclassnews at yahoo dot com
i need 25 lacs to run a cast iron foundry i have many customers related to my profession so please let mo know how to get finance without any collateral
I M running my own business of graphic designing & printing now i want 8 lac of amount for purchasing my own printing machine for the same business without colletral security.
i am from kolkata and i want to start a fishery farm. there is a suitable land of 133 acre in my knowledge but i dont have huge amount to buy it . i want 6 crore without collateral. interested person may contact me on 09358015736, 09639570161
email id : [email protected]
I (G.Bala Kishore) am from Anakapalli, Visakhapatnam District, Anadra Pradesh, India. pin code 531001. i am Builder (constructions) i already complete 3 projects in anakapalli. Now one project in running and final stage. But i have no money to construct remaining work. buyers are not interest to pay the amount. they are feel total constructions comlete then we will pay the remaining balances whatever it. so i am in deps (loans) with high rate of interest. so please help me. i want 50 lakhs loan without any security (i have no security to give you) this loan amount return to you within short peroid.
I need finance for devlop my business.
Hiii…i m working as a lecturer presently…..but want to start my own apparel manufacturing business on a very small level (initially)…for which i require a loan of Rs.50,000-10,00,00.
The problem is that i want this loan without any collateral security, but I would be able to pay it back easily and timely as it is not a very big amount.
Please guide how and where to get this much money to start my business.
Expecting urgent replies
Regards
Anila
I need to a new project loan in the my privated ltd company without any security upto 70 lakh,please contact -9654468614
I want to khow that is the trade of SHUTTERING STORES falls within trades of SSI UNITS.
Sir,
Not a single Nationalise bank is giving any unsecured loan. These are on papers only.
our turnover is 1.75 crore and we want to grow our industry for which we require 60 lacs as unsecured loan but existing as well as new banks also refusing.
If u can help us in this matter please let me know
Thanks & regards
i need 3 crores loan with out security for working capital , yearly turn over 25C, Now i have recieved 100 Crore Project. pls contact me 09620235735, bangalore
want 15 crores for a silko magnese factory at raipur.
My dear karim,
I will arrange 15 crore finance in low interest, please contact me my cell No.8608884182.
dear sir,
i have a requirement for 25 lacs and i need this loan without collateral for a period of 3 years.can u help, i have a modular furniture industry in bangalore
raviprasad
I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker’s Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.
Contact me through this email:([email protected],) or through
skype: (besik.katsitadze) in other to furnish you with other information.
I want to start my own manufacturing business on a very small level (initially)…for which i require a loan of Rs.10,00,00.
The problem is that i want this loan without any collateral security, but I would be able to pay it back easily and timely as it is not a very big amount.
Please guide how and where to get this much money to start my business.
Expecting urgent replies
Regards
I m Interested getting the loan of Rs 10 Crore without any security for banqueting business…..any comments 9930999638
i have a requirement for funds in bangalore for a furniture industry, are you prepared to help me.
regards
ravi
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