Scheme Details
Name of the scheme
SIB-Pharma Plus
Target Customers
Pharma Dealers/ Distributors/ Stockists (Wholesale or Retail)

Business should be in existence for a minimum of 3 years and should be making profit for at least 2 years.

To meet the working capital requirement of the business.
Nature of finance

1. Cash Credit Open Loan

2. Letter of Credit

3. Bank Guarantee

Quantum of Finance
Rs. 25 Lakhs to Rs.15 Crores
Rate of Interest / Charges/ Commission

Competitive Rates available.

The interest rate/charges for each loan is determined based on the merits of the accounts.

Processing fees

Up to 0.50%

Collateral security

50% to 75% collateral required(based on scheme conditions)

Preliminary Documents to be produced

  • KYC documents & Latest license copy
  • Audited/unaudited/provisional financials and next year’s projections.
  • Copy of Dealership agreements with manufacturing companies, if any.
  • 12 months GST returns/GST validation report.
  • Udyam registration certificate, if available.
Period of Loan
12 months. Limit to be renewed every year.
Pre-Closure Charges
Applicable as per bank’s norms.