Scheme for financing Rice and Dal Mills.*
The scheme is to enable Rice/ Dal mill owners to get finance at lower rate of interest for new projects / up gradation / expansion of existing units.
Eligibility : Existing borrowers with credit rating BB and above with satisfactory track record with our bank are eligible.
Rate of interest : BPLR - 1.5 % for loans upto Rs 25.00 lacs and BPLR - 1% for credit limit above Rs 25.00 lacs.
Dena Bank has initiated number of measures to meet the needs and aspirations of MSME entrepreneurs:
68 branches of our Bank located in MSME clusters of our country have been specialized as MSME branches, fully equipped to take care of the banking needs of MSME entrepreneurs.
These Branches have been delegated additional sanctioning powers to meet the credit requirements to MSME units.
Special Products/ Schemes devised for MSME sector:
Dena Laghu Udhyami Credit Card [Credit card for MSME Entrepreneurs]
Dena Shakti Scheme [for Women entrepreneurs a concessional ROI.]
Scheme for financing Rice/ Dal Mills
Scheme for financing Wind Mills
Channel Financing Scheme for Dealers / Suppliers
Dena Artisans Credit Card
Tie up with SIDBI for Co-financing of MSME Units.
Tie up with SMERA,CRISIL & CARE for credit rating at concessional fee for MSME’s.
Rate of Interest linked to the credit ratings of the MSME units. (Above Rs. 10 Lakhs)
‘MSME Help Desks’ have been established at Regional Offices to provide counseling and guidance services to entrepreneurs .
MSME entrepreneurs meet are organized at specialized branches to understand the problems and requirements of MSME entrepreneurs.
Loans upto Rs. 50 lacs are collateral free if covered under CGTMSE.
Training Institutes at Bhuj and Mehsana in Gujarat State for imparting training to rural youths enabling them to undertake self-employment in village & cottage industries and other small business enterprises.
Channel Financing Scheme *
The scheme is devised for Dealers / Suppliers of corporate companies with following features :
Dealers / suppliers dealing with reputed corporate borrowers are eligible to get short term finance from 90 to 180 days against the bills raised by them.
The Scheme is also offered to the Dealers / suppliers dealing with reputed corporate borrowers who are not banking with our bank.
Rate of interest depending on tenure and availability of corporate guarantee.
Financing Windmill Projects *
In view of shortage of electric power supply, a scheme to set up windmills has been devised with following features :
The constituents may be a partnership concern, a private limited company or a limited company .
Any business concern whether our existing or new clients , in existence for 3 years.
Credit rating should be Minimum 'BBB' as per Bank’s Rating System
Rate of interest will be 1% below the applicable rate of interest as per credit rating of the unit.
For further details : Visit your nearest Dena Bank's SME
