V Dal Mill

VIJAYA DAL MILL LOAN SCHEME is a tailor made loan scheme for Dal Mill Entrepreneurs. The scheme is having attractive features & branches are expected to popularize the scheme to increase SME portfolio


  1. Financing New Dal Mills subject to compliance with license / registration requirements under laws of State / Central Govt. as the case may be
  2. Expansion/ renovation/ modernization of existing Dal Mills


  1. Term Loan based on Project Cost
  2. Working Capital based on Turnover Method
  3. Dal Mill accounts with a credit rating not below the VB7 rating and consistent in Profit making for a minimum period of two years for existing account  

Constitution of the Borrower

  1. Individuals, Sole-Proprietor, Joint borrowers, Partnership and Limited Company (Private /Public Ltd.)  

Amount of loan

  1. Composite Credit facilities up to a maximum of Rs.2.00 Crores (Term Loan + Working Capital Limit)

Nature of facility

  1. Term loan
  2. Working Capital limit (or combination of both depending upon the project).


  1. 25% for purchase of Equipment/ Machinery/ Generators Vehicles, etc
  2. 35% for acquisition of premises and/or expansion/ renovation/ modernization of existing premises
  3. 25% on Paid Stock of Dal, Stock in Process and Finished Product


  1. Primary –All assets created out of bank finance
  2. Hypothecation of equipments or the items proposed to be purchased out of bank's finance
  3. In case of acquiring premises/ expansion/ renovation/ modernisation of existing line up, Equitable Mortgage of the Property
  4. No Guarantee/Collateral for loans up to Rs.100.00 lakh when the same is covered under CGTMSE scheme, else collateral security equivalent to 100% of the loan amount other than Mortgage Loan (sanctions for  acquisition of premises and/or expansion/ renovation/ modernization of existing with 35% margin)to be taken, i.e.no collateral for acquiring land and building

Assessment of Loan

  1. Term Loan – 75% of the cost of assets purchased or 65% of cost of acquiring premises or project cost for renovation/ expansion/ modernisation etc
  2. Working Capital- Based on Turnover Method

Guarantee Coverage under CGTMSE

  1. Covering limits under CGTMSE up to Rs.100 lakhs
  2. The Guarantee coverage under CGTMSE will be available as per the terms, eligibility criteria and premium defined under the scheme, as are communicated from time to time. (HOC 12051 dated 16.03.2012).


  1. Insurance of the asset purchased out of bank’s finance and that of collateral security is mandatory with bank clause  

Rate of Interest

  1. BR + 2.05%=11.70% p.a. ( Floating) up to Rs.100 lakhs
  2. BR + 3.05%=12.70% p.a.( Floating) Above Rs.100 lakhs

Processing & Commitment Charges

  1. Processing Charges to be collected as per extant guidelines
  2. Commitment Charges as per extant guidelines


  1. Total repayment period including moratorium period shall not exceed door to door seven years in case of Term Loan
  2. Working capital limit subject to renewal/ review every year
  3. Term loan to be repaid in equated monthly instalments
  4. Maximum moratorium period of 12 months. Interest to be serviced during the period of moratorium

Other Conditions

  1. Drawing Power is to be regulated on the basis of Monthly Stock Statement
  2. Charge with ROC is to be created in case of companies
  3. Wherever subsidy as per NABARD Scheme is available the same may be availed  

Prepayment Charges

  1. No prepayment charges.

Disposal of loan application

  1. The loan applications received from the applicants should be disposed of within 30 days
  2. If the received applications do not merit consideration, same should be communicated in writing without any delay to avoid the complaints by the applicants
  3. The General Manger, Credit (Retail & MSME), HO is the Competent Authority for clarifying the provisions of the scheme


  1. Personal guarantee of the Promoter Directors in case of Companies
  2. Individual partners in case of Partnership Firm
  3. Non Promoter-Owners of the immoveable property which has been offered as security for the facilities
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