Bank of Maharashtra From For Loans upto Rs 1Cr (other than MUDRA Loans)
Bank of Maharashtra From For Loans upto Rs 1Cr (other than MUDRA Loans) from Download
The Bank of Maharashtra Common Application Form is a standardized document used to apply for MSME loans up to ₹1 crore, explicitly excluding loans under the MUDRA scheme (p. 1).
Core Application Sections
- Enterprise Details: Captures the basic identity of the business including its registered name, office and factory addresses, constitution type (e.g., Partnership, Private Ltd), and mandatory identifiers like PAN, GST, and Udyam Registration numbers (p. 1).
- Management Profile: Collects demographic, academic, background, and credit-relevant data (PAN, Aadhaar/DIN) for all promoters, partners, or directors (p. 1).
- Financial & Credit History: Requires a complete overview of existing banking relationships, outstanding liabilities, and information regarding any associate business concerns (p. 2).
- Loan Requirements: Divided into distinct tables to outline proposed Working Capital (Cash Credit) limits or Term Loans for purchasing machinery (pp. 2-3).
Financial Data & Performance Metrics
| Data Category | Key Parameters Required |
|---|---|
| Past & Future Performance | Actual figures for the previous 2 years, current year estimates, and next year projections for Net Sales, GST Sales, Net Profit, and Capital (p. 3). |
| Operational Capacity | Data on installed capacity versus utilized capacity to evaluate business efficiency (p. 3). |
| Working Capital Metrics | Detailed next-year projections for sales, working capital cycle (in months), inventory, debtors, creditors, and promoter’s contribution (p. 2). |
| Supply Chain Details | Identification of the Top 5 suppliers and Top 5 customers, including credit terms and sales/purchase percentages (p. 3). |
Security & Collateral Framework
- Collateral Exemption: In alignment with RBI guidelines, the form notes that no collateral security is required for MSME loans up to ₹10 lakhs (p. 3).
- Proposed Securities: For loans requiring backing, the applicant must explicitly detail primary securities (assets created by the loan) and any third-party guarantees or collateral assets (pp. 2-3).
- ZED Rating Incentives: The form captures whether the unit holds a “Zero Defect Zero Effect” (ZED) certification (Bronze, Silver, or Gold) to potentially clear the way for bank-specific policy incentives (p. 1).
Compliance & Verification Checklists
- Statutory Compliance: Explicit disclosure of registration status under the Shops and Establishment Act, MSME Act, Drug Licensing, and up-to-date Income Tax and Sales Tax return filings (p. 4).
- KYC Checklist: Requires a valid ID proof (PAN, Aadhaar, Passport, etc.) and an independent Address Proof (Electricity/Telephone bill or Bank statement) (p. 4).
- Legal Declaration: A mandatory sign-off confirming the information is accurate, stating that the applicant is not a willful defaulter, and authorizing the bank to inspect premises or share data with credit bureaus (p. 4).
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