Description

MEETING OF MCG, POWERLOOM AND

ARTIFICIAL JEWELLRY CLUSTERS REPRESENTAITIVES  WITH SBI OFFICIAL (MSME DEPT)


1. A meeting between representatives of Mini Gas Cylinders, Powerloom and Artificial Jewellry clusters and SBI Officials (MSME Dept) was conducted successfully on 13 Mar 24.

2. 12 representatives (07 of Powerloom, 04 of MCG and 01 of Artificial Jewellry) of these clusters, who require loan, were attended the meeting.

3. Smt. Ritu Bhasin AGM (SMEC) Meerut and her team including Sh. Saurabh Agarwal Chief Manager (SME), SBI Meerut were attended the meeting and briefed in details about the procedures to be followed for granting loan from bank.

4. MCF provided the list of loan seeker to AGM with their contact numbers and requirement of loan amount.  Similarly, SBI team provided application form and check list (documents to be attached with application) to each loan seeker for applying.

5. The duly filled application with required documents will be submitted by the applicant to his native branch of SBI.

6. It was also intimated by the AGM that Nodal Officer, Sh. Ashish Kumar Yadav of SBI (MSME Dept), will be the starting point for processing the loan case after submitting the loan application by loan seeker at his native branch of SBI.  Any clarification can be sought from him. She also shared his mobile number i.e. 9690135218.

7. AGM also clarified the following doubts of clusters representatives: -

(a) Before processing the loan application, Bank will assure the require minimum CIBIL score of the applicant.  The minimum benchmark set for CIBIL score is 567.  Loan application cannot be processed if CIBIL score is less than 567.

(b) No security is required upto loan requirement of Rs. 10 lakh.

(c) Loan upto Rs. 50 lakh can be processed by any branch of SBI at Meerut.

(d) Loan above Rs. 50 lakh can be processed by two branches of SBI at Meerut i.e. at Partapur and Ganga Plaza, Begumpul.

(e) For Manufacturing Unit – Loan can be given 25% of last one year sale. Other specific loan requirement will be look after separately by SBI on case to case basis

(f) For Trading Unit - Loan can be given 15% of last one year sale. Other specific loan requirement will be look after separately by SBI on case to case basis

8. Further, AGM assured that full support will be provided by SBI to clusters during processing the applications for loan.

9. An informal discussion was also held among Sh. Ashutosh Agarwal, Rep of Artificial Jewellry, Sh. SP Gupta, MCF, Sh. Sudhanshu Sekher Tiwari, Executive Secretary MCF and    Sh Raj Kumar Singh, DGM (B & O) SBI.
DGM told that the cluster is in Negative List.  However, DGM said that upto Rs. 10 lakh can be sanctioned through MUDRA Loan.  Other specific loan requirement more than Rs. 10 lakh will be look after separately by SBI on case to case basis.

10. The meeting was concluded with a vote of thanks by Sh. SP Gupta CA of MCF.

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