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Pmegp Annexure Iii - Sanction Communication

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Sandeepa Thirthahalli
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648 views4 pages

Pmegp Annexure Iii - Sanction Communication

Pmegp

Uploaded by

Sandeepa Thirthahalli
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ANNEXURE-III

PMEGP - SANCTION COMMUNICATION

BRANCH:

TO:

Dear Sir/ Madam,

Sub: Your Application dated ____________ seeking credit facilities under PMEGP

We are pleased to inform you that the under mentioned credit limits are sanctioned to you
subject to compliance of the following terms and conditions:

Sl. Particulars Narrations


No.
1 Name and Residential Address:
address of the
Borrower/s
Factory/ Works/ Business Place:

Phone No.
Mobile No.
Constitution
Udyam Registration
No.
SB Account No.
Category of SC/ST/OBC/Minorities/Women/Ex-
Applicant Servicemen/Transgenders/Differently-
abled/NER/Aspirational Districts/Hill
and Border areas(as notified by the
Government) / Others
PAN No.
Aadhaar No.
2 Line of activity

Internal
3 Nature of facility

4 Purpose of Loan

5 Amount sanctioned Rs. Working Capital :

Term Loan :

6 Applicants contribution (Margin in Rs.)


/ (Percentage)

7 Eligible Margin Money Subsidy from


KVIC/ KVIB/ DIC – Rs.

8 Sector Loan : Manufacturing/ Service/ Business

Specific the activity


9 Details of Primary :
Security/ ies
10 Insurance All securities charged to the Bank to be
comprehensively insured at the cost of
borrower.
11 In case not Collateral/ Third
covered under party guarantee
CGTMSE/
CGFMU/ CGSSI
12 Rate of Interest Rate :
Penal Interest

13 Terms of Moratorium period,


repayment for if any
Term loan Repayment Schedule
14 Working Date of Review/
capital/ Renewal

Term loan
15 Mode of disbursement

Internal
16 Coverage under CGTMSE/ CGFMU/
CGSSI (As applicable)
17 Processing charges/ Amount
Documentation charges etc.,

18 Other Terms and conditions

OTHER CONDITIONS :

1) The Bank may revoke in part or in full or withdraw / stop financial assistance at any
stage by giving reasonable notice to the borrower.

2) This sanction does not vest in any one, the right to claim any damages against the bank
for any reason whatsoever.

3) The interest rate is linked to the Repo Linked Lending Rate (RLLR)/Marginal Cost of
Lending Rate (MCLR) of the Bank, as applicable.

4) The RLLR/MCLR prevailing on the date of execution of documents, shall be applicable


till the next reset date, irrespective of the changes in the benchmark during the interim
period. Future reset dates shall be determined accordingly. The periodicity of reset
shall be one year or lower.

5) The RLLR/MCLR and the actual lending rate are subject to review and variation from
time to time as per RBI guidelines, the Bank’s cost and also subject to any changes in
the financial position of the borrower.

6) The changes in the RLLR/MCLR and the actual lending rate will be notified in the notice
board of the Bank from time to time and also in the Bank's Website.

7) Penal interest of 2% on the outstanding liability will be collected if the Audited financial
statement is not submitted before 31st October of every year or within a fortnight from
the date of Audit of financial accounts of the company whichever is earlier.

8) The validity of the rate of interest permitted shall only be upto the next renewal date.
Further, as and when rating assigned by External Credit Assessment Institutions (ECAIs)
/ internal rating is downgraded, Bank reserves the right to review and reprice the credit
exposure.

9) The interest rate now stipulated in this letter is subject to review by the bank keeping
in view DSCR, Debt / Equity, Margin, Repayment Schedule, past experience as to timely

Internal
repayments under DPG / Term Loan etc., and also further changes as may be decided
by the bank from time to time.

10) Where the pricing of loan is based on the Provisional financial statements, the Bank
reserves the right to reprice the credit exposure permitted on receipt of audited
financial statements and risk rating.

Kindly return the duplicate copy of this communication duly signed for recording your
acceptance and call on us for executing the documents.

Yours faithfully,

BRANCH MANAGER

I/ WE AGREE TO THE ABOVE MENTIONED TERMS AND CONDITIONS.

Place:

Date:
(SIGNATURE OF THE APPLICANT)

Place:

Date:
(SIGNATURE OF THE GUARANTOR)

Internal

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