Bank of Maharashtra Common Application Form for MSMEs for Loans upto Rs 1 Cr (Other than MUDRA Loans)
Bank of Maharashtra Common Application Form for MSMEs for Loans upto Rs 1 Cr (Other than MUDRA Loans) from Download
The Bank of Maharashtra Common Application Form for MSME Loans up to ₹1 Crore standardises credit requests for micro, small, and medium businesses outside the MUDRA scheme (0f82fd18-7… p. 1).
The key points of the application form and evaluation criteria include:
1. Enterprise Profile and Registrations
- Constitutional Framework: Accommodates multiple entities including Proprietorships, Partnerships, Private/Public Limited Companies, and Trusts (0f82fd18-7… p. 1).
- Business Identifiers: Requires registration markers like the PAN Card, GST Number, and the Udyam Registration Certificate (URC) (0f82fd18-7… p. 1).
- ZED Quality Certification: Captures whether the unit holds a Zero Defect Zero Effect (ZED) rating, along with its specific classification (Bronze, Silver, or Gold) (0f82fd18-7… p. 1).
2. Proposed Credit and Security Limits
- Facility Allocation: Supports mixed facility requests spanning Working Capital (Cash Credit), Term Loans, and Non-Fund based limits like Letters of Credit/Bank Guarantees (LC/BG) (0f82fd18-7… p. 2).
- Collateral Rules: In line with RBI directives, the bank does not mandate collateral security for MSME loans up to ₹10 Lakh (0f82fd18-7… p. 3).
- Higher Limits: For requests above ₹10 lakh, the form captures formal Third-Party Guarantees (including guarantor net worth) and physical collateral asset values (0f82fd18-7… p. 3).
- Working Capital Projections: Cash Credit evaluation requires a forward-looking estimation of the next year’s sales, working capital cycle, and promoter contributions (0f82fd18-7… p. 2).
3. Equipment Purchases and Supply Chain
- Machinery Tracking: If applying for a Term Loan, borrowers must itemize the machinery type, name of the supplier, and clarify if it is Imported or Indigenous (0f82fd18-7… p. 3).
- Import Costs: Imported equipment requires a strict breakdown of basic cost, freight, insurance, and customs duty (0f82fd18-7… p. 3).
- Network Risk Assessment: The applicant must list their Top 5 Suppliers and Top 5 Customers, detailing the percentage of overall business and standard credit terms (0f82fd18-7… p. 3).
4. Performance Metrics and Compliance
- Financial Horizon: Requires actual business performance metrics for the two previous financial years, current year estimates, and projections extending up to the final year of repayment (0f82fd18-7… p. 3).
- Statutory Check: Evaluates active adherence to the Shops and Establishment Act, Drug Licenses, and the latest Sales Tax / Income Tax returns (0f82fd18-7… p. 4).
- Default Declaration: Borrowers must legally confirm they have not been classified as a wilful defaulter by any bank, and consent to site inspections by the bank or the Reserve Bank of India (RBI) (0f82fd18-7… p. 4).
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