Maha Swagatam Scheme (Scheme Highlights)

Key Features of Maha-Swagatam Campaign

Sr.No.

Terms

Defined Parameters

1

Target group

New MSME borrower for Bank including takeovers (borrowers not having commercial loan with our bank, however, borrowers enjoying Gold Loan, LAD and schematic Retail loans with our Bank will be eligible).

2

Eligibility

MSMEs with CIBIL MSME Rank (CMR) 1 & 2

Minimum Collateral Coverage of 50%

    MSMEs with CIBIL MSME Rank (CMR) 3 & 4

    • Minimum Collateral Coverage of 60%

    Borrowers having CMR 5 and above are not eligible under scheme.

    Note: However, if more than one facility is sanctioned and any of the facility is primarily/collaterally secured by mortgage of immovable property (SARFAESI compliant) with realizable value of 135% of the total exposure, additional collateral security should not be insisted.

    3

    Nature of Facility

    Fund based/non-fund based facilities are allowed under this scheme.

    1. Fund Based

    • Term Loan
    • Working Capital Limit

    2. Non-Fund Based

    • LC / BG

    4

    Quantum of Finance

    Minimum: Rs.0.25 crore

    Maximum: Rs.50.00 crore

    5

    Rate of Interest

    Rate of Interest is as under:

    CMR

    Applicable Rate of Interest

    Amount upto Rs.25 crore

    Amount above Rs.25 crore and upto Rs.50 crore

    Internal Rating

    External Rating

    AAA / AA

    A

    BBB

    AAA / AA

    A

    BBB

    CMR 1

    RLLR + 0.10 i.e.8.15 %

    RLLR + 0.25 i.e. 8.30%

    RLLR + 0.30 i.e.8.35%

    RLLR +

    0.10 i.e. 8.15%

    RLLR +

    0.25 i.e. 8.30%

    RLLR +

    0.30 i.e. 8.35 %

    CMR 2

    RLLR + 0.15 i.e. 8.20%

    RLLR + 0.30 i.e. 8.35%

    RLLR + 0.35 i.e. 8.40%

    RLLR +

    0.15 i.e. 8.20%

    RLLR +

    0.30 i.e. 8.35%

    RLLR +

    0.35 i.e. 8.40%

    CMR 3

    RLLR + 0.20 i.e. 8.25 %

    RLLR + 0.35 i.e. 8.40%

    RLLR + 0.40 i.e. 8.45 %

    RLLR +

    0.20 i.e. 8.25%

    RLLR +

    0.35 i.e. 8.40%

    RLLR +

    0.40 i.e. 8.45 %

    CMR 4

    RLLR + 0.35 i.e. 8.40%

    RLLR + 0.50 i.e. 8.55%

    RLLR + 0.55 i.e. 8.60%

    RLLR +

    0.35 i.e. 8.40%

    RLLR +

    0.50 i.e. 8.55%

    RLLR +

    0.55 i.e. 8.60%

    • No BSS should be added in the above RoI structure.
    • Annual review of the account to be done and RoI as per risk profile of the borrower at the time of review will be applicable as per above table.
    • In case, during review / renewal process, borrowers rating downgrades below BBB/CMR-4, or Collateral security coverage decreases from the stipulated threshold level, then the ROI shall be applicable as per general RBP structure for MSME borrowers from the due date of review.
    • The revised ROI will be applicable with immediate effect.
    • At present, RLLR considered is 8.05% p.a. (ROI shall be reviewed as and when there is change in RLLR)

    The above rate of interest is valid for new / takeover MSME borrowers for all sanctions under Maha Swagatam till 30.06.2026

    6

    Services Charges

    1. Processing Fee: 
    • Nil for MSME borrower with CIBIL MSME Rank (CMR) 1 & 2 and Minimum Collateral Coverage of 50% 
    • 75% concession in processing fee for MSME borrower with CIBIL MSME Rank (CMR) 3 & 4 and Minimum Collateral Coverage of 60%
    1. Other charges to be recovered as per extant Bank’s guidelines      

    7

    BG/LC Commission

    1. BG: 50% concession in commission
    2. LC: 50% concession in commission

    8

    Take over norms

    Take over norms should be in line with loan Policy. However, relaxation in the benchmark ratios for takeover cases should be allowed as mentioned below:

    MSME Ratio

    Min/ Max

    Existing Benchmark Ratios

    Proposed Benchmark Ratios

    Current Ratio

    Minimum

    1.25:1

    1.15:1 (relaxation)

    TOL/TNW

    Maximum

    4:1

    4.5:1 (relaxation)

    Average Gross DSCR for Term Loan

    Minimum

    • 1.25:1 for completed FYs
    • Minimum 1.50:1 in respect of residual tenor of the project.
    • 1.25:1 for completed Financial Years
    • Minimum 1.50:1 in respect of residual tenor of the project. (no relaxation)
    • GM MSME & Retail Credit be authorized to allow further deviation in takeover norms regarding TOL/TNW, Current Ratio and Average Gross DSCR on case-to-case basis.

    9

    Validity of the scheme

    Till 30.06.2026

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    Please drop a mail on msme_mkt@bankofmaharashtra.bank.in to know more