PSB MSE SCHEME FOR PROMOTION AND INVESTMENT IN CIRCULAR ECONOMY (MSE-SPICE)
Purpose:
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.
Eligibility Criteria:
The eligibility criteria for the MSE-SPICE Scheme include: All Micro and Small Enterprises (MSEs) registered with the UDYAM portal of the Ministry of Micro & Small Enterprises are eligible to participate, Must comply with Extended Producer Responsibility (EPR) and Waste Recycling targets set for industries, The investment of the unit should be towards the 11 identified CE sectors, Only brownfield units are eligible to be covered under MSE-SPICE.
NOTE: Units availing subsidy under the MSE-SPICE shall not avail of any other subsidy for adopting circular economy solutions from the Central/State/UT Government.
Type of Facility
Term Loan
Quantum of finance
Maximum: Upto 5 Crores. However, Project Cost/Loan upto Rs 50 Lakhs shall be considered eligible for the purpose of subsidy under the scheme.
Capital Subsidy Process
The amount of subsidy available in this scheme is up to 25% of the project cost for Brownfields project in Micro & Small Enterprises (MSEs).The Maximum subsidy @ 25% of project cost or 12.50 Lacs whichever is less.
Margin
25% Minimum Margin
Personal/Third Party Guarantee
For Hybrid Model/ For cases where immovable property kept as security – Personal guarantee of Promoters, Proprietor and property owner to be obtained.
Note: As per extant guidelines, 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.
Tenure of Loan:
Maximum repayment period up to 10 Years.
Tenure of Loan:
The outstanding principal amount of the term loan account under this scheme from one lending agency to another lending agency, would be permitted only once subject to the condition that the entire portfolio (i.e., balance principal term loan amount and interest due /payable thereon) remains unchanged and subject to the consent of the existing lending agency / PLI.
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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.
