Punjab and Sind Bank Business Loan

PSB Krishak Mitra

Purpose – Punjab & Sind Bank offers PSB Krishak Mitra scheme to finance the working capital requirements of commission agents, distributors, dealers and stockists for maintaining stocks of agricultural inputs like fertilizers, seeds, pesticides, dairy feed/ poultry feed/ cattle feed, etc.

Loan Amount – Rs 5 lakh to Rs 2 crore

Types of Loan Facilities Offered: Working Capital/ Overdraft Privilege

Margin –

Rate of Interest –

Repayment Tenure-
For working capital – 12 months for On demand or Operative limit ( Subjective to Annual Renewal)

Security/ Guarantee –
Any suitable collateral security or third party guarantee to be taken.

PSB Pradhan Mantri MUDRA Yojana

Purpose-  Punjab & Sind Bank offers Pradhan Mantri MUDRA Yojana to provide  loans to the micro enterprises engaged in business like trading, manufacturing and service sectors, including agricultural activities.

Loan Amount – Up to Rs 10 lakh

Margin –

Security – No security or guarantee needed

Stand-Up India Scheme

Purpose- Punjab & Sind bank offers Stand-Up India Scheme to finance the business requirements of SC/ST borrowers, women entrepreneurs, or enterprises with shareholding of 51% to SC/ST or women borrowers, for setting up a Greenfield enterprise.

Loan Amount –
Composite loan (Term Loan + Working Capital) – Rs 10 lakh to Rs 1 crore

Margin – Minimum 10%

Repayment Tenure – Maximum 7 years with moratorium period of up to 18 months

Security- The scheme will be covered under the Credit Guarantee Scheme for Stand-Up India or Collateral security as per the bank policies.

PSB- MSME Standby Line of Credit

Purpose –   Punjab & Sind Bank offers MSME Standby Line of Credit to businesses owned by individuals/sole proprietorship/partnership firm/limited companies/HUF or any other entity engaged in activities covered under the MSME scheme. This loan helps them deal with their temporary liquidity mismatch.

Loan Amount – Up to 25% of the existing working capital limit up to  Rs 1.5 crore

Margin – NIL

Repayment – Up to 12 months

PSB PMEGP (Prime Minister’s Employment Generation) Scheme

Purpose- Punjab & Sind Bank offers PSB PMEGP (Prime Minister’s Employment Generation) Scheme to provide finances to generate more employment opportunities in the rural and urban areas through setting up new self-employment ventures/ projects or micro enterprises.

Loan Amount –

Margin –

Repayment tenure –

PSB Commercial Vehicle

Purpose- Punjab & Sind Bank offers Commercial Vehicle scheme to finance the purchase of new commercial vehicles for business like trucks, buses, tempos, tankers, taxi, three or four wheelers and other mass transportations subject to the approval by the competent authority for commercial purposes.

Loan Amount – 80% of the vehicle cost, one time registration charges & road tax and insurance charges.
Maximum limit sanctioned under the scheme is Rs 2 crore

Margin- 20% margin cost of the vehicle (cost of chassis, pre-assembled, cost of body), one time registration, Insurance charges and Road Tax

Repayment Tenure-

Debt Service Coverage Ratio ( DSCR) – Minimum requirement shall be 1.25:1

Rate of Interest –

Security –
Primary Security – Hypothecation of the vehicle that is to be purchased

Collateral Security –

Penal Interest – 2% over and above the contracted rate shall be charged for default repayment on loan installment as per the fixed repayment schedule.

PSB Doctors Special

Purpose – Punjab & Sind Bank offers Doctors Special scheme to finance the doctors to set up/acquire/construct/expand or renovate their clinic, hospital, pathological, clinical labs, diagnostic centers, nursing home, sanatorium, etc. This includes furniture fixtures and equipment, purchase of vehicles, ambulances, computers, etc. for the business.

Loan Amount –

Margin –

Security – Hypothecation of the assets purchased with the help of bank’s finances

Collateral Security –

Interest Rate – 9.30 % p.a.

Concession – 0.20% of concession for women/ST/SC applicants where the doctor is the sole applicant or in the case of partnership with form/LLP/companies/ trusts with a minimum of 51% of shareholding/ stakes held by ST/SC/Women doctor(s).

Guarantee- If covered under CGTMSE, No guarantee is required and in other cases guarantee of spouse/major children/partner/trustees or any suitable third party will be obtained.

Processing Fee-

Repayment –

The business loan eligibility criteria set for availing Punjab & Sind Business Loans are as follows:

PSB Pradhan Mantri MUDRA Yojana

Any Indian citizen with an income generating business plan .

Stand-Up India Scheme
Any individual who is ST/SC or a Woman or an enterprise that holds a shareholding of 51% to any woman or ST/SC to set up a greenfield enterprise.

PSB PMEGP Scheme

PSB Commercial Vehicle

Any individual, proprietorship/ partnership firm/ limited company, society, trust, association owning and operating or proposing to own and operate transport vehicles for carrying passengers or goods.

PSB Doctors Special

Any medical practitioner registered with statutory bodies like DCI, MCI, CCIM, CCH etc. with a minimum qualification MBBS, BDS, BPT, BAMS or any professional degree.