WC – on demand or Operative limit for 12 months, subject to annual renewal
Security / Guarantee
Suitable Collateral Security & Suitable guarantee of third party/((ies) be taken.
2. PSB Pradhan Mantri Mudra Yojana
Particulars
Description
Purpose
Pradhan Mantri Mudra Yojana is a Government of India scheme, which enables a small borrower to borrow from banks, MFIs, NBFCs for loans up to ₹20 lakh for non-farm income-generating activities. PMMY Scheme provides Working Capital/Term Loan facility to micro units from the Banking flexible manner.
Eligible Borrowers
Micro enterprises, including micro enterprises set up under joint liability group framework and Self Help Groups (SHGs) engaged in manufacturing, trading, services sector and activities allied to agriculture:
Whose credit needs are up to ₹10 lakh are eligible for finance under PMMY.
Covering loans above ₹10 lakh and up to ₹20 lakh under “Tarun Plus” (For those entrepreneurs who have availed and successfully repaid previous loan under ‘Tarun’ category).
The overdraft amount of ₹10,000 sanctioned under PMJDY.
Self Help Groups (SHGs) up to ₹20 lakh would also be eligible for coverage under CGFMU.
Quantum of Loan
Shishu: Covering loans up to ₹50,000/-
Kishore: Covering loans above ₹50,000/- and up to ₹5 lakh.
Tarun: Covering loans above ₹5 lakh and up to ₹10 lakh.
Tarun Plus: Covering loans above ₹10 lakh and up to ₹20 lakh for those entrepreneurs who have availed and successfully repaid a previous loan under ‘Tarun’ category.
Maximum Period allowed
Working Capital: One Year repayable on demand.
Term Loan: Maximum repayment period up to 7 years.
Security
Primary Security: The assets created out of the credit facility so extended and/or existing unencumbered assets which are directly associated with the project or business for which the credit facility has been extended.
Collateral Security: The security norms as per Bank norms, where the facilities are not covered under CGFMU.
Margin
For Shishu category (loans up to ₹50,000/-): 10%.
For Kishore, Tarun, and Tarun Plus: Minimum 25% margin as per Bank norms.
Rate of Interest
ROI as prescribed in HO RMD Circular No. 1079/2024-25 dated 29-03-2025 and subsequent amendments from time to time.
3. Stand up India Scheme
Eligibility
Any Individual (SC/ST or Women) or Enterprise (shareholding 51% to SC/ST or Women) for setting up a Greenfield enterprise and activies allied to agriculture. This enterprise may be in manufacturing, services or trading sector
Quantum of Finance
Composite loan (TL + WC) from Rs.10 Lakh to Rs.100 Lakh
To be covered under Credit Guarantee Scheme for Stand Up India (CGSSI) or Collateral security as per Bank norms
4. PSB-MSME STANDBY LINE OF CREDIT (PSB SLC)
Borrower
Individual(s) / Sole Proprietorship / Partnership firm/ HUF/ Joint Stock Company or any other entity engaged in activities covered under MSME.
Purpose
To meet the temporary liquidity mismatch.
Existing customers, having working capital Limit up to Rs.5 Crore only
Account to be standard.
SMA-0 and SMA-1accounts are also eligible under the scheme.
The customers having availed fund based working capital facility from our Bank are only eligible under this scheme.
Quantum of Finance
Max. up to 25% of the existing working capital limit (FBWC+NFBWC) up to Max of Rs.1.25 Crore
Margin
NIL
ROI
0.50% above the rate of interest applicable to existing working capital limit.
Repayment
maximum of 12 Months
Processing Fees
NIL on the proposed limit
5. PSB PMEGP Scheme
Eligibility
Any individual, above 18 years of age
For setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification.
Self Help Groups
Existing Units (Under PMRY, REGP or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of India or state Government are not eligible.
Object
To generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures/projects/micro enterprises.
Quantum of Finance
The maximum cost of the project/unit admissible under manufacturing sector is Rs. 50 lakh.
The maximum cost of the project/unit admissible under business/service sector is Rs. 20 lakh.
Margin
General Category – upto 10%, Special Category – upto 05%
ROI
As per extant Bank guidelines based on the purpose of advance.
Repayment
<3 to 7 years
Security
No collateral security will be insisted upon by Banks in line with the guidelines of RBI for projects involving loan upto Rs.10 lakh
Subsidy
General Category – upto 25%, Special Category – upto 35%
For purchase of New Commercial Vehicles like, Buses, Trucks, Tankers, Tempos, Taxi, Four/ Three wheelers, and any other vehicles of mass transportation subject to the condition that the vehicle is approved by the competent authority for commercial purposes.
Eligibility
Individuals, proprietorship/partnership firm/ Limited company, trust, society, associations owning and operating or proposing to own and operate transport vehicles for carrying passengers or goods on hire.
The borrower (s) either hold the necessary driving license or engage driver (s) possessing valid license to operate the type of vehicle for which credit is sought.
The borrower (s) should have been granted a permit by an appropriate authority to ply vehicle(s) for passengers or goods traffic for hire.
Quantum of Finance
80% of the cost of vehicle (pre-assembled/ cost of chassis/ cost of body/ cost of chassis & cost of body), onetime Registration Charges & Road Tax, and Insurance Charges.
Maximum limit that can be sanctioned under the scheme is Rs 5.00 Crore.
Margin
20% margin on cost of vehicle (pre-assembled/ cost of chassis/ cost of body/ cost of chassis & cost of body), onetime Registration Charges & Road Tax, and Insurance Charges.
The borrower should bring in the required margin money.
DSCR
Minimum Net DSCR (debt service coverage ratio) requirement shall be 1.25:1
1.00% of the loan amount + GST (at the time of sanction only)
Repayment of Loan
Moratorium Period: Maximum 6 Months from the date of disbursement of loan.
Loan to be repaid in Equated Monthly Instalments (EMIs) in Maximum 5 Years(exclusive of moratorium period, if any)
Primary Security
Hypothecation of the vehicle to be purchased.
Collateral Security
Loan amount up to Rs. 10 lakhs: Collateral Security is not required.
Loan amount above Rs.10 lakhs upto Rs.25 lakhs:
Suitable collateral security to the extent of minimum 25% of the sanctioned amount. (Except for cases covered under CGTMSE)
Loan amount above Rs.25.00 lakhs:
Suitable collateral security to the extent of minimum 50% of the sanctioned amount. (Except for cases covered under CGTMSE)
Guarantee
Guarantor should enjoy good reputation in the market/field along with networth of atleast 200% of loan amount.
Third party guarantee / guarantee of earning family member for loans up-to Rs.10 lakhs, if not covered under CGTMSE
For cases above Rs.10 lakhs Guarantee may be waived in the cases covered under CGTMSE or where collateral is offered.
Guarantee of the property owner (if other than borrower) must be obtained in all the cases where collateral is offered.
Prepayment Charges
The borrower may opt to prepay / adjust the loan from his own verifiable legitimate sources or genuine sale without attracting any penalty, except take-over of the loan by other bank/ FI/ NBFC, which would attract prepayment @1% of the balance loan amount.
Penal Interest
@ 2% over and above the contracted rate shall be charged for any default in repayment on loan installment as per fixed repayment schedule.
7. PSB Doctors Special
Purpose
To finance qualified medical practitioner
For buying equipments
Setting up/ acquiring/ construction/ Expansion/ renovation of clinics, Hospitals/ Pathological/ Clinical Labs, Diagnostic Centers/ Physiotherapy centers, Nursing Homes, etc. including furniture fixture.
Expansion/renovation/ modernization of existing premises.
Purchase of Vehicle/ ambulances/ lifesaver ambulances etc may be provided under Vehicle loan facility separately under the same scheme.
Eligibility
1. Medical Practitioners registered with statutory bodies like, MCI, DCI, CCIM, CCH etc. and having minimum qualification MBBS/BDS/BPT/ BAMS or equivalent professional degree.
2. Age Group : 25 - 65 years.
3. Minimum 3 years experience.
4. Must be tax assesse for last 2 years.
Quantum of Loan
Minimum: Rs 5 Lakhs,
Maximum: Rs 5 Crores
Working capital facility be restricted to maximum of Rs.20 Lakh.
Margin
Term Loan:
(i) 25% for purchase of equipment/machinery/vehicles
(ii) 35% for acquisition of premises/expansion/renovation/modernization
Working Capital:
(i)25% on stocks
(ii)40% on book debts
Commercial Vehicle
15% of on-road price inclusive of one time road tax, registration & insurance
Security
Hypothecation of assets to be purchased/acquired with the help of Bank’s finance.
Mortgage of business premises if financed by the Bank. <
Hypothecation of Stocks/book debts
Collateral Security
Upto Rs 10 Lakhs: No third party guarantee/collateral security is required and the same shall be covered under CGTSME.
Above Rs 10 Lakhs to Rs 200 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure. Or else the loan may be covered under CGTMSE.
Above Rs 200 Lakhs to Rs 500 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure
ROl concession of 0.20 % may be applicable for Women/ST/SC applicants where:
(i) Doctor is sole applicant.
(ii)In case of partnership firm/LLP/companies/Trusts, minimum 51% of shareholding/stake is held by the Women/ST/SC doctor(s).
Guarantee
No guarantee required, if covered under CGTMSE. In other cases, guarantee of Spouse/major children/partners/directors/trustees/suitable third party be invariable obtained.
Personal guarantee of partners/directors should be invariably taken in all cases irrespective of coverage under credit guarantee scheme.
If the owner of the mortgaged property is other than borrower, the guarantee of the property owner must be obtained.
Processing Fee
Loan upto Rs.50 lakhs: 0.25% of loan amount +GST
Loan above Rs.50 lakhs and upto Rs. 500 lakhs: 0.50% of loan amount +GST Loan above Rs.50 lakhs and upto Rs. 500 lakhs: 0.50% of loan amount +GST
Applicability
Term Loan: One Time upfront charges at the time of sanction only.
Working capital facility: Upfront at the time of sanction and on annual renewal.
Repayment
For Term Loan: Maximum 7 years including moratorium period of 2 years/construction period in case of new construction.
For Working Capital: Repayable on demand.
Additional Benefits:
Locker Rent Concession: 50% concession on locker rent for self and spouse for first two years, who avail loan under this scheme.
8. PSB Mortgage
Purpose
This is an all purpose credit facility i.e. to meet legitimate need based expenses viz- marriage /medical /educational expenses / repairs / renovation / extension to the residence / commercial property/ purchase of consumer durables or any unforeseen expenses, and also for investment in business, to meet credit needs of trade, commercial activities, other bona fide requirements of business/ profession
Eligibility
Business Concerns (MSME) & Salaried Individuals who are income tax assesses;
Partnership firms, Proprietary firms, Companies (Pvt./Public Ltd.), HUFs, Trusts, Societies, NRIs (subject to compliance of guidelines of Bank & RBI)
Age limit: Min 18 yrs, Max 65 yrs and owning residential/ commercial property.
Credit facility against agricultural property is strictly not permitted. Credit facility shall not be permitted against security of immovable property wherein Educational/ Religious Institutions are located. Vacant land may preferably be not taken as security under the scheme.
In case of Firms/Companies & Trusts, credit facility may be considered against the property owned by Partner/Director/Trustee
The property of following close relatives may be considered subject to becoming of their co-borrower in the facility
Spouse
Father
Mother
Son
Son’s Wife
Daughter
Daughter’s Husband
Brother
Brother’s Wife
Sister
Sister’s Husband
Spouse’s Brother
Spouse’s Sister
Spouse’s Mother
Spouse’s Father
Quantum of Finance
Minimum:
For MSME: Above Rs. 10 lakh
Non MSME: Rs.5 lakh
Maximum:
Rs.1000 lakh
Quantum of Finance is subject to
For salaried persons: Maximum 10 times of average net annual income based on salary slip (last 12 months)/ latest Form No.16 or ITR.
For others: Maximum 10 times of average net annual income based on ITR for last 3 Financial Years.
MPBF is subject to maximum of 50% of realizable value of immovable property.
Security in the form of NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements.
The income of the spouse / major sons may be added if he/she is a co-borrower.
In case of Firms/ Companies/ Trusts/ HUF, Partners/ Directors/ Trustees/ Co-parceners with regular & independent income may join as co-borrower to supplement repayment capacity.
Cash accruals/ Depreciation may also be added to income, in case of borrowers other than salaried class.
For Term Loan: Maximum 15 years For Overdraft Facility: Repayable on demand. The limit once sanctioned will hold good for 3 years. The overdraft facility is not allowed for salaried class borrowers.
Guarantee
Not Mandatory
Concession in ROI for MSMEs Only
Concession of 0.25% in RoI for cases, where external credit rating is 1 to 4 by SMERA, ICRA, ONICRA or CRISIL
Concession of 0.25% in RoI if account is classified under Priority Sector Advances.
9. PSB SME Liquid Plus
Purpose
To provide timely, hassle-free and adequate credit delivery to meet the liquidity mis-matches and expenses incurred on activities like R&D, Product Development, Marketing and Branding, stocking the seasonally available raw material etc.
Eligibility
Micro, Small & Medium Enterprises engaged in the manufacturing and services sector.
The existing MSMEs with good track record as well as new MSMEs having satisfactory Due Diligence Report.
The MSMEs may be an Individual, Proprietor, Partnership firm, Private/Public Limited Company, Co-operative Society.
Udyam Registration is mandatory
Quantum of Finance
Minimum: Rs 10 lacs Maximum Rs.500 lacs
Quantum of Finance is subject to margin available
Need based credit facility with maximum of 75% of realizable value of immovable property.
The running account component is restricted to Rs 2 Cr within the overall limit, however term loan as single component can be considered upto Rs 5 Cr.
Margin: 25% of realizable value of immovable propertySecurity in the form of NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements.
For Term Loan: Maximum upto 7 years. For Overdraft: Repayable on demand. Interest shall be recovered immediately when due.
Guarantee
Personal guarantee of owners of property, spouse/ major son of prop., directors/partners
10. PSB Contractor Plus
Purpose
a) Working capital: Fund Based & NFB facilities limits to meet day to day requirement / materials / labour payment / statutory payments.
b) Term Loan: For purchase of Plant & Machinery / Equipment / Transport Vehicles to be used for the execution of contract work.
c) Bank Guarantee: For bidding of tenders, mobilization of advance money, performance of the contract, guarantee in favour of Central / State Govt & its various departments and reputed Pvt. / Ltd. companies, guarantee for release of retention money.
Eligibility
MSME units engaged in the Contractor/ Subcontractor activity.
Sub-contractors executing work on behalf of main contractors are also eligible under this provided sub letting is through registered agreement and all required permission and licenses / registration are available.
Borrowers can be Individual(s) / Sole Proprietorship / Partnership firm/ HUF/Joint Venture/Joint Stock Company or any other entity engaged in this line of activity.
Nature of Credit facility
Working Capital facility: Overdraft against property (ODP).
Term Loan
Non Fund: Bank guarantee
Quantum of Finance
Minimum: Rs 10.00 Lakh
Maximum: Rs 2000.00 Lakh
80% of the realizable value of the property mortgaged
PSB Flexi Term Loan is a pre approved term loan, bundled with PSB Contractor Plus, with an aim to provide term loan assistance to contractors in a smooth and hassle free manner.
Eligibility
All MSME credit constituents having satisfactory credit history of minimum 1year with bank and having working capital facility backed by property as primary or collateral.
PSB flexi term loan will be sanctioned with working capital limit under PSB Contractor Plus of Rs.1.00 Crore and above.
Purpose
Term loan for purchase of machinery, equipment, commercial vehicles, furniture & fixture.
Quantum of Finance
Term loan of maximum 25% of the working capital limit.
Margin
25%
Repayment Period
5 years (60 EMI).
Processing Charges
One time charges of 1.00% at the time of disbursement.
Rate of Interest
One Year MCLR + 2.00%
11. PSB GST EASE LOAN
Purpose
To provide hassle free credit to meet working capital requirements related to business activity or for expansion of business.
Eligibility
Business entities which are individuals, firms, companies, Limited Liability Partnership, Co-operative Societies, dealing in those business activities, which are not prohibited by law.
GST registered units which have filed GST returns at least for the last six months.
New Customers with minimum business operation of 6 months and existing customers shall be brought under this scheme
Nature of Loan
Cash Credit
Credit Limit
Minimum Amt: Above Rs 10.00 Lakh
Maximum Amt: Rs 1000.00 Lakh
Margin
NIL
Collateral Security
CGTMSE guarantee coverage of upto 50% under hybrid model or Minimum 100% Collateral security in the shape of SARFAESI enforceable immovable property or Bank approved liquid security.
Processing charges: 50% concession on apllicable processing charges
Rate of interest: ROI as prescribed in HO RMD circular no 1079/2024-25 dated 29.03.2025 and subsequent amendments from time to time
11. PSB PROFESSIONAL ASSIST
Purpose
To assist self-employed professional persons, firms, associations and joint ventures of such professional persons having professional degree/diploma/certification.
Eligibility
Professionals in any discipline viz. Engineers, Architects, Interior Designers, Fashion Designer, Photographers, Financial Consultants (CA/ICWA/CS/CFA), Advocates and specialized qualified service providers.
Age of Borrower
Minimum age – 21 years.
Maximum age should not exceed 65 years at the time of maturity of loan.
Nature & quantum of Loan
Cash Credit/Overdraft: Limit up to Rs 100.00 Lakh
Term Loan: Need based (Maximum Rs 200 Lakh)
Maximum Cumulative Exposure: Rs. 200.00 Lakh
Margin
25%
Collateral Security
Credit guarantee Scheme or 100% Collateral Security in the shape of immovable property/liquid security.
12. PSB Scheme for Financing Start-Ups backed by Credit Guarantee Scheme for Startups (CGSS)
Purpose
To finance eligible borrowers being Startups backed by the Credit Guarantee Scheme for Startups (CGSS) provided by National Credit Guarantee Trustee Company Limited (NCGTC).
Target Group
Startup as recognized by DPIIT as per Gazette Notifications issued from time to time*
Nature of Loan
Fund-based and Non-fund based facilities
Credit Limit
Minimum: Rs 10 Lakhs
Maximum: Rs 50.00 crore
Margin
Minimum 25%
Collateral Security*
To be covered under Credit Guarantee Scheme for Startups (CGSS) provided by National Credit Guarantee Trustee Company Limited (NCGTC).
Term loan: Repayable in 10 years
Working Capital: One year, repayable on demand.
13. PSB SCHEME FOR EQUIPMENT FINANCING
Particulars
Description
Purpose
Purchase of new equipments, machines, moveable assets for captive used or used as service provider are eligible for Finance. The major Categories of Equipment includes:- Earth moving Equipment, Construction Vehicles, Other Construction Equipment , Material Handling Equipment , Medical & Laboratory Equipments
Reimbursement for Equipment’s purchased in last 3 months may also be considered. This facility is only for Existing Borrowers with no delinquency beyond SMA-0 category in last 12 months.
Eligible Borrowers
Individual (Age –Min 21 Years & Max 70 Years at Expiry of Loan Tenure)
Sole Proprietorship /LLP/Partnership firm/Companies /JV
Note-Following entities not allowed as Borrowers:- Trust, associations, Societies, HUF, entity where HUF as proprietor/ partner are not eligible.
Non Resident Nationals are not eligible under this scheme.
Nature & Quantum of Loan
Nature:-
Term Loan - Minimum Rs 10.00 lakhs and Maximum Rs 1000 lakh
Stand By Line of Credit for a maximum period of 12 months backed by Term Loan, for borrowers having Internal Rating of PSB 1-4 only.
LC as sub limit of term loan in case of import of equipment.
Maximum Period allowed
7 years (including 6 Months Moratorium)
Margin
For Purchase :- 20% on Cost of Equipment
For Reimbursement:- 40% on Cost of Equipment
Security
Primary:- Hypo of assets created out of bank finance
Collateral:- Security equivalent to loan amount/ CGTMSE (covered up to Rs.500 lac)
14. PSB Vyapar Loan
1
Purpose
a)for the working capital/any business purpose requirements of the business concern
b)Purchase of built up unit/construction thereon/ construction on preowned site for own business purpose only.
c) Purchase of exiting business units/takeover may also be considered only.
d)Any other purpose whereby asset is created out of Bank’s finance for the purpose of running the business.
2
Eligibility Criteria
Borrowers can be Individual(s) / Sole Proprietorship / Partnership firm/ HUF/ Joint Stock Company or any other entity engaged in trading/business activity.
Newly Established Entity /Venture are also eligible for credit facilities under the scheme based on merits.
Udyam registration is mandatory
3.
Type of facility:
Overdraft-working capital OD, Drop line overdraft, Working Capital Term Loan, Term Loan.
4.
Quantum of Finance
Minimum: Above Rs. 10 lakh
Maximum Rs.1000 lakh
5.
Margin
35% of realizable value of immovable property for construction/purchase of shop
Security in the form of NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements.
6.
Guarantee
In case the properties offered as security, personal guarantee of all such owners /co-owners.
In case of sole proprietorship concerns guarantee of wife/major son(s) and in case of companies, guarantee of directors of the company to be taken. In case of Firm/ Companies, guarantee of Partners/ Directors is mandatory.
For Term Loan: Repayable in maximum up to 10 years, including moratorium period of maximum of 12 months, subject to annual review.
For Working Capital Term Loan: Repayable in maximum up to 5 years, subject to annual review.
For Overdraft Facility: Repayable on demand. Credit facility is subject to annual review/renewal. Interest shall be recovered immediately when due.
8.
Prepayment Charges
Nil.
9.
Processing fee
For Term Loan/ Working Capital Term Loan: @1% of the loan amount with Minimum of Rs.2000/-.
For Overdraft Facility: Processing fee are to be levied at the time of fresh sanction, renewal/reviewal.
Loan Amount
Processing Charges (Rs)
Above Rs.10.00 Lakh and upto Rs.5.00 Crore
0.60% + GST
Above Rs.5.00 Crore an upto Rs.10.00 Crore
0.50% + GST
10.
Documentation charges
Actual expenses with respect to charges for property legal opinion, index, valuation, mortgage fee and stamp papers etc.
15. PSB LAKHPATI DIDI
PURPOSE
To provide financial assistance to enable the women members of Self-Help Group (SHG) to become Lakhpati Didi.
TARGET GROUPS
Women members of Self-Help Group (SHG)
NATURE OF LOAN
Term Loan & Working Capital
CREDIT LIMIT
Minimum: Rs.10000/-
Maximum : Rs 500000/-
MARGIN
10%
SECURITY
Primary Security: created out of Bank finance (present and future).
Collateral Security: covered under CGTMSE
TENURE OF LOAN
Maximum 60 Months
ROI
Repo %
Markup %
CRP%
BSP%
Effective EBLR %
6.50
1.95
0.50
4.05
13.00
Interest Subvention
Prompt repayment of credit shall be provided 2% interest Interest subvention will be provided on loans upto Rs 1.5 lakh per borrower only once and upto to a maximum duration of 3 years.
16. PSB SCHEME FOR FINANCING MSMSE CLUSTERS IN PUNJAB REGION
Particulars
Description
Eligibility
Scheme is applicable only in Jalandhar, Ludhiana ,Chandigarh (Punjab)
Individuals /Proprietorship/Partnership/Limited Liability Partnership (LLP)/ Pvt Ltd Co/Public Ltd Co /Trust /Societies & Cooperative Societies ( registered & Incorporated under applicable law) having valid Udyam Registration.
Purpose
Working Capital :- FB & NFB /Fund Based.
Term Loan:- Purchase of Unit/Shop/Office/Godown, Plant & Machinery /Equipment
For Construction of buildings in the pre owned land, acquisition of
factory land and building as well as factory land with building under
construction
Any other purpose whereby asset is created out of Bank’s Finance for
the purpose of running the business. For Creation of Fixed Assets/P &
M /Equipment
Quantum of Loan
Above 10 Lakh
Maximum:- Need Based.
Maximum Period allowed
Term Loan :- Up to 10 years including moratorium period of 12 Months
Working Capital:- Working Capital Limit (FB & NFB) including ODP limit for one year
Working Capital Term Loan:- overall MPBF assessed for 5 Years
Processing Charges
Loan Amount
Processing Charges (Rs) +GST as applicable (At the time of sanction & renewal)
Above Rs.10.00 Lakh -upto Rs.50.00 Lakh
0.50% with max of Rs 10000/-
Above Rs.50.00 Lakh -upto Rs.5.00 Crore
Rs 15000+GST
Above Rs. 5.00 Crore
Rs 25000+GST
One time Composite charges
One time composite Charges only ( No other charges which otherwise levied on ongoing basis)
The primary objective of this scheme is to provide financial assistance at a concessional rate to units engaged in the nine sectors identified under RBI’s Green Deposit Framework. These sectors promote sustainable growth, environment- friendly practices, and contribute to the green economy in alignment with India’s climate goals.
Purpose
Term Loan:
To start Greenfield Projects/ Purchase/ Construction / Renovation of Business Premises, Factory / Offices /Shop / Godown etc.
For construction of building in pre-owned land /acquisition of building/ acquisition of Plant & Machinery/Equipment/ Furniture & Fixtures.
Any other purpose whereby asset is created out of Bank’s finance for the purpose of running the business.
Cash credit/Overdraft limit to meet the working capital requirements
Non Fund based limit (Bank Guarantee & Letter of Credit)
Stand by Line of Credit: To meet the temporary liquidity mismatch
Eligible Borrowers
Individuals/ Proprietorship / Partnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co & any other legal entity having valid Udyam Registration are eligible. (Existing borrowers/New borrowers).
Trust / associations/ Societies, HUF/ HUF as proprietor / partner are not eligible
Sector to be covered
Renewable Energy, Energy Efficiency, Clean Transportation, Climate Change Adaptation, Sustainable Water and Waste Management, Pollution Prevention and Control, Green Buildings, Sustainable Management of Living Natural Resources and Land Use and Terrestrial and Aquatic Biodiversity Conservation.
Nature
Cash credit/Overdraft limit to meet the working capital requirements
Term Loan (For Creation of Fixed Assets/P&M/Equipment/ Etc.)
Non-fund (LC/BG)
Stand by Line of Credit: To meet the temporary liquidity mismatch
Quantum of Loan
Minimum: Above ₹ 10.00 Lakh
Maximum: Need Based
Maximum Period allowed
Working Capital: One year, repayable on demand.
Term Loan: Up to 10 years including moratorium period of maximum of 12 months.
ROI
ROI as prescribed in HO RMD Circular No 1079/2024-25 dated 29.03.2025 and subsequent amendments from time to time
Scheme Codes:-
Term Loan: PGGTL
Cash Credit: PGGCC
Overdraft: PGGOD
18. PSB MSE SCHEME FOR PROMOTION AND INVESTMENT IN CIRCULAR ECONOMY (MSE-SPICE)
Particulars
Description
Purpose
The MSE-SPICE Scheme aims to encourage Micro & Small Enterprises (MSEs) to adopt Circular Economy practices, focusing on sectors like Plastic, Rubber, and Electronics Waste Management to comply with international environmental goals and improve operational efficiency which enables MSEs to comply with Extended Producers Responsibility (EPR) and waste Recycling targets set for Industries.
SIDBI has been designated as the implementing agency of the scheme.
Eligible Borrowers
MSE units engaged in waste Recycling plants /Circular Economy Projects in the following sectors:
Plastic, Rubber, Electronic waste, Municipal solid waste & Liquid waste, Compressed Biogas, Lithium –ion Batteries, End to Life Vehicles, Scrap metal-Ferrous and Non Ferrous, Solar Panels, Gypsum, toxic Hazardous industrial waste, used oil waste.
Only Brownfield units are eligible to be covered under MSE-SPICE scheme.
19. PSB MSME Green Investment and Financing for Transformation Scheme (MSME-GIFT Scheme)
Particulars
Description
Purpose
To provide support to the MSMEs in accessing institutional finance at a concessional rate for adopting clean / green technologies and help them to transform into green and sustainable business operations.
SIDBI has been designated as the implementing agency of the scheme.
Eligible Borrowers
The firms engaged in following activities:-
Greenhouse gas Reduction [Carbon, Methane & Others)
Climate Change adaptation
Sustainable use and protection of water
Transition to a circular economy
Pollution Prevention and Control
Protection and restoration of biodiversity and the ecosystem.
Projects in pollution control, recycling & reuse, energy efficiency, climate change, natural resource efficiency, and environment management and Social (S) – working conditions, local communities, conflict, health and safety, employee relations, and diversity.
Nature
Term Loan
Quantum of Loan
Above Rs. 10.00 Lakhs upto Rs1000.00 Lakhs
Maximum Period allowed
Up to 5 years including moratorium period of maximum of 12 months.
Key Components and Size of the scheme
Interest Subvention Component: 2% interest subvention per annum for a maximum of 5 years on term loans up to INR 2 crores
Risk Sharing Facility: Partial Credit Guarantee of 75% of the loan up to INR 2 crores
20. PSB SCHEME FOR FINANCING TO FOOD & AGRO BASED INDUSTRIES UNDER MSME CLUSTERS
Particulars
Description
MSME Clusters identified by the Bank
List of MSME Clusters identified by the Bank along with the respective regions/zones (ODOP) Annexure I and as per the list updated from time to time by Govt of India, Ministry of Food & Processing. Web link :- https://www.mofpi.gov.in/pmfme/one-district-one-product
Eligibility
Individuals/Proprietorship/Partnership/Limited Liability Partnership (LLP)/ Pvt Ltd Co/Public Ltd Co /Trust /Societies & Cooperative Societies ( registered & Incorporated under applicable law) having valid Udyam Registration.
New Customer as well as Existing Borrowers who are dealing with our Bank since 2 years or above are permitted to be switched over to this scheme subject to ensure compliance
Accounts which have been in SMA-1 & SMA-2 category in the past 12 months are not be considered.
Purpose
Working Capital :- Support for Food & Agro Processing Units
Term Loan:- Purchase of Unit/Shop/Office/Godown, Plant & Machinery /Equipment, for Construction of buildings in the pre owned land, acquisition of factory land and building as well as factory land with building under construction
Any other purpose whereby asset is created out of Bank’s Finance for the
purpose of running the business.
Non Fund Based Limit (LC /BG):- Bank Guarantee & Letter of credit.
Quantum of Loan
Above 10 Lakh Maximum:- Up to Rs 100.00 Crore (CC +TL + Non Fund)
Maximum Period allowed
Cash Credit & Overdraft :- One Year(subject to annual renewal)
Term Loan:- Up to 10 years including moratorium period of max 12 months.
Processing Charges
Loan Amount
Processing Charges (Rs) +GST as applicable (At the time of sanction & renewal)
Above Rs.10.00 Lakh -upto Rs.50.00 Lakh
0.50% with max of Rs 10000/-
Above Rs.50.00 Lakh -upto Rs.5.00 Crore
Rs 15000+GST
Above Rs. 5.00 Crore
Rs 25000+GST
One time Composite charges
One time composite Charges only ( No other charges which otherwise levied on ongoing basis)
This product is designed to support women entrepreneurs in turning their business dreams into reality. It is a holistic program designed to uplift women entrepreneurs through accessible finance, skill development and business growth opportunities, creating a one stop solution for women looking to start, scale or sustain their businesses.
Purpose
Facility under the scheme shall be provided for the following purposes for genuine business needs , not prohibited by the applicable law:
Term Loan: For capital expenditure purpose like construction, purchase of machinery, acquisition of other fixed assets and Built up unit purchase.
Cash credit/Overdraft limit: To meet the working capital requirements
Non Fund based limit (Bank Guarantee & Letter of Credit)
Stand by Line of Credit: To meet the temporary liquidity mismatch
Eligible Borrowers
All MSME units owned and managed by the Female Proprietor/Partner/director/ majority stakeholder (at least 51%) is eligible under the scheme.
Nature
Cash credit/Overdraft limit: - to meet the working capital requirements
Term Loan (For Creation/ Construction of Fixed Assets/ P&M/ Equipment/Etc.)
Non-fund (LC/BG)
Stand by Line of Credit: To meet the temporary liquidity mismatch
Quantum of Loan
Above Rs 2.00 Lakhs up to Rs 500.00 Lakhs
Maximum Period allowed
Working Capital:- One Year repayable on demand.
Term Loan:- Maximum Repayment period up to 10 years including moratorium period of maximum of 12 months.
Processing Charges
As per Bank Extant Guidelines
ROI
ROI as prescribed in HO RMD Circular No 1079/2024-25 dated 29.03.2025 and subsequent amendments from time to time
Scheme Codes:-
Term Loan –PSMTL
Cash Credit – PSMCC
Overdraft-PSMOD
22. PSB BUSINESS LOAN SCHEME FOR YOUNG INDIA
Particulars
Description
Objective of the Scheme:
This product is designed to provide financial assistance to young entrepreneurs between the ages of 18-35 years. The product aims to support the growth and innovation of youth led businesses by offering flexible, accessible and competitive financing options.
Purpose
Term Loan for the following purposes:
Purchase/ Construction / Renovation of Business Premises, Factory / Offices /Shop / Godown etc.
For construction of building(s) in the pre-owned land, acquisition of factory land and Building as well as factory land with building under construction
To start Greenfield Projects
For acquisition of fixed assets (Plant & Machinery, equipment, furniture & fixtures etc) for business activities.
Any other purpose whereby asset is created out of Bank’s finance for the purpose of running the business.
Cash Credit/Overdraft limit:- to meet the working capital requirements.
Stand By line of Credit :- To meet the temporary liquidity mismatch.
Non Fund based limit (Bank Guarantee & Letter of Credit).
Eligible Borrowers
Enterprises should be owned or managed by the young entrepreneurs between the ages of 18-35 years or cases where majority stakeholders (at least 51%) should be aged between 18-35 years.
Individuals/ Proprietorship / Partnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co & any other legal entity having valid Udyam Registration are eligible
Quantum of Loan
Maximum upto Rs 500.00 Lakhs
Maximum Period allowed
Working Capital:- One Year repayable on demand.
Term Loan:- Up to 10 years including moratorium period of maximum of 12 months.
This product is designed based upon Digital footprints of information available from different sources. This will be a manual branch assisted credit programme for the MSMEs having credit requirement up to Rs.25.00 Lakh
Eligibility
All Brown field units having vintage (Digital footprints) of 12 Months.
The link will open only through bank's intranet and it will not open through internet
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“Compare and Shop is a Service provided by Cheggout Services Pvt Ltd for Punjab and Sind Bank customer(s). Punjab & Sind Bank is providing this as a value added service. Punjab and Sind Bank does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit.”
A New Internet Banking and Mobile Banking Solution - PSB UnIC for Retail Customers including NRE/NRO and PSB UnIC Biz for Sole Proprietor customers and Corporate Customers has been rolled out successfully by the Bank bringing UPI, IMPS, NEFT, RTGS and many more banking services under one platform.
Please note that our customers have already been notified that the old Internet Banking Portal of the Bank will be pulled down by 28.02.2022. The Funds Transfer services were blocked for Retail Internet Banking Customers since 09.01.2022. However, our old Internet Banking Portal was running parallelly for the last few days for the benefit of old Retail and Corporate Internet Banking Customers. It has now been decided that the Old Internet Banking will be pulled down on midnight of 21.03.2022. Bill Payments and Tax Payments ( OLTAS and GST) can be done through PSB UnIC digital platform. Bill Payment services are moved to PSB UnIC from 16.03.2022 onwards and the OLTAS functionality will be live from 18.03.2022 through PSB UnIC.
Our existing old Internet Banking customers ( Retail and Sole Propriership) who are yet to register in PSB UnIC are requested to make a onetime registration by visiting our website: https://punjabandsindbank.co.in and by clicking on PSB UnIC and choosing appropriate Option as follows:
And submit the duly signed application form along with required documents Viz. Board Resolution / Partnership Letter with Deed / Trust, Society, Club Resolution Letter/ HUF Letter etc. and also the KYC documents of the Authorised Users immediately to the parent Branch.
These corporate customers will be sent a registration kit through email after submission of the above documents. By Using the credentials in the mail, the corporate customers are requested to register by following the instructions contained in the email and start availing the benefit of PSB UnIC Biz services.
General Manager-IT,
Punjab & Sind Bank
Internet Banking
Dear customers,
A New Internet Banking and Mobile Banking Solution - PSB UnIC for Retail Customers including NRE/NRO and PSB UnIC Biz for Sole Proprietor customers and Corporate Customers has been rolled out successfully by the Bank bringing UPI, IMPS, NEFT, RTGS and many more banking services under one platform.
Please note that our customers have already been notified that the old Internet Banking Portal of the Bank will be pulled down by 28.02.2022. The Funds Transfer services were blocked for Retail Internet Banking Customers since 09.01.2022. However, our old Internet Banking Portal was running parallelly for the last few days for the benefit of old Retail and Corporate Internet Banking Customers. It has now been decided that the Old Internet Banking will be pulled down on midnight of 21.03.2022. Bill Payments and Tax Payments ( OLTAS and GST) can be done through PSB UnIC digital platform. Bill Payment services are moved to PSB UnIC from 16.03.2022 onwards and the OLTAS functionality will be live from 18.03.2022 through PSB UnIC.
Our existing old Internet Banking customers ( Retail and Sole Propriership) who are yet to register in PSB UnIC are requested to make a onetime registration by visiting our website: https://punjabandsindbank.co.in and by clicking on PSB UnIC and choosing appropriate Option as follows:
And submit the duly signed application form along with required documents Viz. Board Resolution / Partnership Letter with Deed / Trust, Society, Club Resolution Letter/ HUF Letter etc. and also the KYC documents of the Authorised Users immediately to the parent Branch.
These corporate customers will be sent a registration kit through email after submission of the above documents. By Using the credentials in the mail, the corporate customers are requested to register by following the instructions contained in the email and start availing the benefit of PSB UnIC Biz services.
