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ImageMudra (Kishor & Tarun) STP



Product Name

Mudra (Kishor & Tarun) STP


i. Need based Term loan / Working Capital Limit for acquiring capital assets and / or meeting working capital requirements.

ii. Loan to be provided only for income generating business activities

Eligibility Criteria

All ETB (Existing to Bank) and NTB (new to bank) Micro Business Enterprises engaged in Manufacturing / Service / Trading Activities/ Allied Agriculture Activities and fulfilling below mentioned criteria will be eligible under the scheme:

i. Promoter’s age: 21-65 Years.

ii. Entity should have valid Udyam Registration Number (URN)

iii. Business entities with constitution - Individuals, Proprietorship, Partnership concerns (including LLPs) classified under Micro enterprise category as per MSMED Act 2006.

iv. Borrower/Prop./Partner should have valid Aadhar & PAN. (In case of ETB customer, PAN of Business and PAN & Aadhar of all promoters feeded in CBS).

v. Business entity should have bank account with any Schedule Commercial Bank (At least 6-Month-old).

vi. Borrower / Promoter and Sister concern name should not appear in any of the defaulter lists/CFR.


Fund based Working Capital and/or Term Loan (excluding export credit)


Above - Rs 50,000 & Maximum up to Rs.10 lakhs can be sanctioned to meet need-based requirement.

KishoreLoan amount exceeding Rs.50,000/- and up to Rs.5.00 lakhs

TarunLoan amount exceeding Rs.5.00 lakhs and up to 10.00 lakhs


In case of Working Capital, assessment will be done by Turnover method.

In case of Term Loan, assessment will be done based on Cost of Project and margin provided by the borrower.


Kishor – 10%

Tarun – 25%


For WC Running account repayable on demand (Interest to be served as and when due).

TL (Kishore) To be repaid within maximum period of 60 months in equated monthly installments

TL (Tarun) To be repaid within maximum period of 84 months in equated monthly installments

Primary Security

WC- Hypothecation of Stock & Book Debts.

TL - Charge on assets created out of bank finance.

Collateral Security

No Collateral Security required; loan is to be covered under CGTMSE scheme.

Note: Mandatorily to be covered under CGTMSE, at post sanction - pre disbursement stage. CGTMSE coverage to be done manually by branch as per existing practice (Charges to be borne by the borrower)

Credit Scoring

As per extant guidelines.


Personal Guarantee of all the promoters. No third-party guarantor is accepted.

Documentation & Stamp duty

Customer has the option for execution of documents:

a. Manually: By visiting the Branch in person

b. Digitally: Through Aadhar OTP Based

Digital Document Execution is available only for Applicants having constitution Individual/Proprietorship.

Stamp duty will be actual as per prevailing state stamp act. This will be collected upfront.

Interest Rate

As per the prevailing rate of interest/guidelines.

Processing Charges


Documentation charges


Convenience fee

- 1000 plus GST
(This fee will be collected upfront)

Renewal of Limit

Renewal to be done annually as per extant guidelines.

Other Terms and Conditions

In case of Working Capital limits, Quarterly Submission of stock and book debts statements by the borrower.

Classification of account as NPA

The extant prudential norms on income recognition, asset classification and provisioning will apply for loans granted under the GST Gain STP scheme.

Charging of interest is to be done uniformly as is applicable to MSME advances.

To apply for MSME loan online under Mudra (Kishor & Tarun) STP, please Click Here.

Rate of Interest – Please Click Here to know our latest interest rates.

Conditions apply.

For more details, please contact our nearest branch.