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Particulars
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Scheme Details
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Target Group
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Corporate/Principal who are engaged in activities viz. Manufacture, Retail Chain, EPC, E-Commerce or Trade of imported/domestic manufactured tradable consumer/ industrial goods, machinery, vehicles and satisfies the following criteria.
- Minimum annual turnover of 500 Cr for CBD-Payable & 1000 Cr for CBD-Receivable
- Minimum External Rating of ‘A’ & above
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Additional Eligibility Criteria
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- No cheque return in the Corporate account with reason “Funds Insufficient” in past 6 months.
- No instance of SMA-1 & SMA-2 classification of Corporate in past 12 months.
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Purpose
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a) CBD-Payable: To finance the corporate for the purchases from vendors
b) CBD-Receivable: To finance the corporate against its sales receivables
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Nature of Facility
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Bill Discounting
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Eligible list of Industries
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- FMCG & Consumer Durables
- Automobile & Ancillary Industry
- Healthcare & Pharmaceutical Industry
- Electronics & Engineering Industry
- Electrical & Light fittings, Fluorescent/ LED/ LCD lighting devices & lamps.
- Paints & Pigments Industry
- Metal & Metal Products Industry
- Food & Agro Industries
- Chemical & Beverages Industries
- Garment Industries
- Retail Chain Companies
- E – Commerce Industries
- Oil & Gas
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Quantum Of Finance
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Minimum – Rs. 5.00 Crores
Maximum – Rs. 50.00 Crores
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Purpose
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Working Capital Need
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Usance Period
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Maximum:90 days
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Security
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Primary Security:
- Accepted invoice & delivery challan.
- Accepted Bills of Exchange/ Demand bills, if available.
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Collateral security:
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Rate Of Interest
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Documents to be obtained from the Principal
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- Previous 3 Year’s audited financials & Un-audited quarterly results.
- Estimated balance sheet & profit or loss account for the current year.
- Projected balance sheet & profit or loss account for the next year.
- All necessary KYC Documents.
- Past 12 months Bank Account Statement.
- List of approved Vendors, whose bills have to be discounted.
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Processing Fee
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1% of the sanctioned limit
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Bureau Check
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Satisfactory history of corporate and directors in CIC/CRILC/RBI Defaulter’s list/Willful defaulter’s list/Probe42/SAL list by ECGC.
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