SME Times is powered by   
Search News
Just in:   • Sensex closes 330 points; bank stocks roll  • Renault to increase prices from next month  • GMR's Philippines JV raises USD 750 million for Cebu airport  • Bird flu alert: Import of poultry products banned in UP  • Government targets two trillion units electricity output by 2020 
Last updated: 26 Sep, 2014  

industry3.Thmb.jpg SBI's centralised SME loan process to ensure better loan processing

Industry2.jpg
   Top Stories
» Insurance bill's fate hangs in balance
» We are not anti-reforms: Anand Sharma
» Holiday season to see 30 pc rise in biz this year: ASSOCHAM
» Ministry plans to expand renewable energy generation
» FM urges India Inc to build public opinion for GST bill
Staff Reporter | 27 Sep, 2008
The Small and Medium Enterprises (SMEs) segment is witnessing a paradigm shift with two clear models emerging and SMEs functioning on a stand-alone basis would find the going tough, according to a senior executive of State Bank of India.

The bank, which launched the concept of SME City Credit Centres (SME CCCs) to quicken the process of loan processing from the SME sector, is planning to replicate the model in rural and semi-urban areas, he said.

Speaking to presspersons in Coimbatore on Friday, after inaugurating the renovated premises of SME CCC in Coimbatore main branch of the bank, J. Chandrasekaran, Chief General Manager, SBI (Chennai Circle), said the entire SME segment was undergoing a structural shift and it was not like earlier when they could be established on a stand-alone basis and survive.

SMEs could be successful and survive in two formats. They flourish when they are in clusters - several auto component and textile clusters were coming up - providing them economy of operation. The other model was SMEs functioning as dedicated ancillaries to big manufacturing units, as has been done by vendors of Hyundai Motors.

He said SMEs functioning on a stand-alone basis, supplying to diverse companies, would find the going tough. SMEs were getting into some sort of a value chain, entering into joint ventures with larger players.

Even foreign buyers were finding outsourcing from SMEs a cost-effective quality proposition. Chandrasekaran said, "SMEs can thrive, but they have to look at global markets now," become net savvy, look at multiple sources of raw material, etc. SMEs making generalised products in hopes of finding a market will die out, he added.

Chandrasekaran, who had earlier worked as CGM (SME) for the whole bank, said there were a lot of processes involved in giving home loans and SME loans. The bank wanted to centralise these processes and establish a back office where skilled personnel could be deployed to process the applications.

The bank managers would have to just collect the loan applications and do minimum documentation and then forward the applications to the SME city centres for further processing.

The multi-product sales teams also have been vested with the responsibility of scouting for prospective loan applicants whose applications would be processed at these centres.

He said this has enabled the bank to bring in "much better standard of appraisal, risk management is much better." Since the branches are under core banking system, the customers would continue to do their business with the branches closer to them.

He said the SME CCCs would handle customers for up to a Rs 1-crore limit and branches would handle customers with limits higher than that, as needs of medium enterprises would be different.

Meanwhile he said the division of work has helped in hastening the turnaround time (TAT-processing of applications) - from four-six weeks earlier to less than ten days now. The customers are intimated of the bank's decision faster and there has been 'tremendous improvement' in the quality of appraisal after SME CCCs were launched.

This year, the Coimbatore SME CCC, to which 28 branches in and around Coimbatore were linked, has sanctioned Rs 120 crore so far. The sanctions have grown from Rs 58.5 crore in 2005-06 to Rs 106.57 crore in 2006-07 and Rs 180.88 crore in 2007-08.

Chandrasekaran said after SME CCCs were established across the country, "our growth has more than doubled." The growth was possible because of the performance of the branches, the special sales teams and the SME CCCs, which had increased the processing capability.

The bank has such SME centres in all major cities and has planned to replicate this model in a slightly different format in rural and semi-urban areas. In the current year, 15 rural centralised processing centres would come up in Tamil Nadu.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

for brokership
KAMAL CHOUDHURY | Sat Mar 30 16:57:12 2013
i have 17 yrs. experience in financial services, now i am opened my own company, in kolkata. I want to add loan facility to my clients in kolkata. my email id. choudhurykamal@rediffmail.com. cont, mobile 9830069058


project loan
nasir shaikh | Sat Feb 9 13:30:56 2013
i am planning for multy-car services i need of 15 lacs under new scheme my mail id nashir.2009@rediffmail.com


cgt msme schmes loans deatial
gangireddy | Wed May 30 08:58:28 2012
Dear Sir cgt msme loans details


Without Mortage loan for subdealership
Debadyoti Mishra | Tue Apr 10 07:37:02 2012
Sir i am planning for a sub dealership of suzuki motorcycle sales and service i have my existing premises for the sub dealership i need a loan of 10 lacs under your new scheme which is without collateral Mail Id:mishra.debat@gmail.com


LOAN
MARY | Fri Mar 23 09:02:07 2012
Do you need a loan Visit my Web Site www.marywattloans.mw.lt


sme loans
Rajiv Chopra | Wed Mar 14 09:18:04 2012
would like to avail loan for starting up with my own business.

  Re: sme loans
akshay kankirad | Tue Dec 3 16:02:35 2013
I want my own business for the purposes of a small water plant loan from the State Bank of India in the form of subsidies should I do if I was more concerned about the information you request in the form of help in this My contact number 7798859121 email...akshaykankirad77@gmail.com


SME Loan from SBI
Prakash B Taral | Mon Mar 12 09:15:19 2012
How to prepare a project report for SME loan of SBI for petrol pump project

  Re: SME Loan from SBI
shivaji mahajan | Wed Jul 3 04:06:20 2013
Sir, i want a term loan of forty lacs for the establishment of material handling equipment under (sme) scheme. so pl. kindly give the essential details - See more at: shriomsai.mahajan3@gmail.com



Bimal | Fri Mar 9 09:56:02 2012
Sir, i want a term loan of forty lacs for the establishment of LED lighting under (sme) scheme. so pl. kindly give the essential details. ebbimal@gmail.com


Loan for 1.6 Crores for the period of 5 to 10 years
saurabh kalra | Mon Dec 19 04:35:12 2011
Dear Sir, I am MBA with 7 Years experience in corporate sales and would like to start my own business of Builders (like flats, Commercial Shops, etc) and to start with looking forward for 1.6 cr's. My father is already in the business for many years and will play the key role in the same. Looking forward for your guidance on the same


SME TERM LOAN FOR 25 Lacs
KARTHIKEYAN.V | Sun Dec 11 05:36:11 2011
Sir, I am a Mechanical Engineer and having 18 years experience and I am planned to start the Mineral water plant in Coimbatore, Podanur. My project cost is 25 lacs. I am interested to get 25 lacs from KVIC. I have plan to get it from from SBI podanur. My mail id is mvk9400@yahoo.in.


for ice cream plant
shashi mishra | Wed Oct 12 11:18:00 2011
hi,i want to open a ice cream plan in allahabad,pls advise me sir,my cell no. 919718025302 which cost is 12lakh which proses i grant loan.


sme term loan of forty five lacs
P K Tyagi | Wed Aug 10 13:18:44 2011
sir, we(our society) want a term loan of forty five lacs for the establishment of a school under (sme) school plus scheme. so pl. kindly give the essential details including the current security norms. p k singh, moradabad U. P. Pin- 244001. 


regarding loan
karthick vasan | Wed Aug 10 11:42:46 2011
dear sir, I am Karthick, am planned to manufacture a automobile plastic components near Chennai. My project cost is 15 lakhs and I plan to go through PMEGP scheme through DIC or KVIC. for that I need to select a bank and I prefer SBI plays a vital in providing a loan to SME's. so please guide and help us to get a loan and for my future. hope your reply. thanks & regards Karthick Vasan


Need sme loan for setup detergent industries pl. Give me detail
Lalit singh | Mon Jul 25 10:42:28 2011
Hi sir , This is lalit I want to set up a manufacturing unit.My total project cost is 15 lac . I want sme loan through sbi . So pl. Give me detail how it will do Thanks and regard-lalit


loan appraisal prosess
DADA | Fri Jul 1 06:52:16 2011
what is loan appraisal


Apply for SME loan
Vinod Kumar Singh | Tue Apr 12 10:40:17 2011
i want to apply for a sme loan of Rs.25Lacs approx Regards, Vinod Kumar Singh C/O - Jay Maruti Agency 9,Bhab Nath Sen Street, Kolkata - 700004


SME loan without colletral security
Rajan Lakhwar | Sat Mar 26 19:11:41 2011
we are running a manufacturing enterprise for the last 25 years. Kindly guide us to avail above said loan


mr.pradeep kumar is not givins me sme lone
mukesh kumar | Sun Feb 27 03:53:32 2011
dear sir i have complete 3 times full documents and agaig n agaih he always says to complete new documents.he is mr.pradeep kemar manager of rcpc anoopshahr district bulandshahr up


working capital finance
Amit | Mon Feb 21 10:09:50 2011
Dear Please contact me as, l would like to apply for a CASH CREDIT LIMIT in your bank. I presently have cc limit of 7 crore in union bank of India,karol bagh delhi branch. Regards Amit aggarwal Bansal 


REQUEST FOR FUNDING
KUMARASWAMY | Mon Oct 25 04:29:17 2010
Dear Sir SUB: REQUEST FOR DEBT AND EQUITY FUNDS We are having steel unit in south India manufacturing a TMT steel bars ranging from 8mm to 16 MM from the past five years and the Business is growing at a fast phase Our last three years financials in ( lakhs)are as follows: 2006-07 2007-08 2008-09 2010 , 30Th Sept SALES INCOME: 2710 4084 4486 3792 PROFITt 59 95 80 161 The unit consists of induction furnace with 7M.T Charge Capacity ( Electrotherm) in operation last five years and TMT Re-Rolling Mill of 6000 MT per month with Roughing mill 16” installed last year Infrastructure facilities LAND 7.5 Acres Shed & Building 30000 Sq.ft Power Connected 5000 KVA Water Two Bore wells with sufficient water Presently we have Term loan facility of Rs 300 lakhs and working capital facility of Rs 400 lakhs. We are looking for funds for Restructure and expansion of the Business. As the market for the product is in high demand and hence we want to restructure and expand and looking for funds The paid up capital of the company is 700 lakhs We are looking for funds debt and equity funds. Appreciate your reply in the matter so that we can organize the further details for your consideration. Best Regards Kumaraswamy 09243409905


i want lone
nasir kha | Fri Sep 17 05:14:35 2010
i am wondering near sbi manager about six month for lone


No proper details to avail loan
V R Shelar | Wed Dec 2 05:50:01 2009
Lots has been said regarding SMEs being the back bone of Indian economy. SMEs have contributed a good share in the growth of Indian Economy but unfortunately all the schemes that are there for the benefit of the SMEs are not very full proof when it comes to sanctioning loans the documentations and procedures itself consume a lot of time and money.

  Re: No proper details to avail loan
govindan | Fri May 28 07:51:33 2010
The loan sanctioned quickly but it takes too long time to receive the money.


SBI's centralised SME loan process to ensure better loan processing
Sudhakar Subramaniam | Wed Jul 22 13:42:50 2009
SMEs are the back bone of our economy. It is high time that Govt intervenes to support SMEs for loans lesser than 50 lakhs and below to be disbursed without collateral. Even though some SMEs have shown good performance for the past 2-5 years, Banks are reluctant to provide without collateral. Wish government to provide allocations for SME loans in each and every state and have a separate ministry to promote SME industries and enterprises. Collateral free loans up to 50 lakhs can be disbursed for movable and immovable machineries, assets or technologies which are going to bought by the SME. This would pave for younger generation to become entrepreneurs than mere employees. India needs more leaders of industry, entrepreneurs and torch bearers to provide job and livelihood for the enormous number of students coming out of colleges.

  Re: SBI's centralised SME loan process to ensure better loan processing
sudharshan | Wed Nov 25 07:27:47 2009
hi sir am engineering graduate, i have Buissiness Plan on Textile industry. But I dont have a money to start. So i need a 3 Lkhs to staat a buissiness. if Anybody interested Plz Mail me on sudharshanb.e@gmail.com

  Re: Re: SBI's centralised SME loan process to ensure better loan processing
ss.pvt.ltd@sify.com | Sat May 8 06:05:09 2010
it is like a drama fully play by sbi branch managers.thay know how to reject a propossal.if you have a good project,good knowladg and even you are commerce graduate with six year exp but according sbi managers you are not eligibel to do bussines.One and only requirment to get loan from sbi that your father have property and bank deposits for collateral.in my case on 22.03.2010 I was submited my project report of 1,25,00,000 of 35pages which is prepare by me with all nessacery documents to sbi nadaun distt-hamirpur himachal pardesh. but till 08.05.2010 even we not get acknowledge recipt from sbi and no any information recived about prossing of project after48 days. " nikame managero ke kami nahi hindustan main galib,ek dhundo hajar milte hain ,dor dhundo pass milte hay, na bhi dhundo SBI main apne app milte hain" my number for you 09857188571


it is all eyewash for lending to smes
N.Jagan mohan | Wed Dec 10 17:51:25 2008
though the government of india saying that the credit gurantee scheme available for smes and even after our unit is working for the past six years profitably the sme city centre neglected to sanction without collateral by saying some or other excuses and not the issue of collateral

  Re: it is all eyewash for lending to smes
R.Chandrasekhar | Tue Dec 16 07:19:15 2008
yes your absoluetly correct

  Re: it is all eyewash for lending to smes
VIJAYAN NAIR | Tue Dec 1 04:55:37 2009
Yes, you are absolutely correct. The CGM of SBI is trying to cover up its over cautious approach towards SMEs. My Co. more than 5 years old and having a/c with SBI all these years and running profitably refused to issue a bank guarantee without colleteral guarantee.

  Re: it is all eyewash for lending to smes
manik kundargi | Thu Mar 25 05:28:50 2010
yes it is very tru that our comany last 7year in profit but bank want to collateral security for loan sanctioning. How we get loan without security

  Re: Re: it is all eyewash for lending to smes
R. A . Shah | Mon Jul 5 04:08:01 2010
Yes! you are right they have 100 of resons to denay! They even ask & demands a paper which are of no use & just time pass! Govt. can make schemne to help the nation but unfortunatly who cars? my experience with BOB,


SME CCC
ghorpade.s.d@gmail.com | Wed Dec 10 11:06:40 2008
Bank has got vast data of idustrial units at various locations.Instead of waiting for the new proposal Can bank monitor the industrial scene and come forward with a package to power enterprises people like us to venture power projects in semi urban areas where power shortages and lod shedding affecting the productivity of units.We are venturing 10MW power plant gas based but help is not forth comming from bank.Are any takers to help power wooes of SME.


Establishment of new branch in ILKAL Dt; Bagalkot karntaka
naveen chillal | Wed Oct 1 05:35:00 2008
We are happy SBI Centralised Loan process .It is very good process. This process adopt to all over India including karnataka.SBI one of the Big bank in India. Kindly request to you sir, Open new branch In ILKAL. situated In Bagalkot dist. Karnataka. ILKAL is one the commercial Area. Ganite and Textile major business. population about 80,000. kindly open new branch in ILKAL We have account in SBM In ILKAL. naveenchillal@rediffmail.com


ABOUT LOAN SECTIONING AND DISBURSEMENT
SHEETAL KUMAR ( H.P.) | Tue Sep 30 07:41:04 2008
SIR , I WANT TO SETUP A NEW INDUSTRY IN THE FIELD OF SPICE PROCESSING OF 35 LAKH RUPEES . AT PRESENT , I HAVE A SMALL UNIT OF 10 LAKHS IN THE FIELD OF SPICES FINANCED FRON CENTRAL BANK OF INDIA UNDER KVIC SCHEME FROM LAST 2 YEARS THATS GOING IN RIGHT WAY .I M READY TO FULFILL UR REQUIREMENTS AND ALL THE CONDITOINS & PLZ TELL ME ABOUT POSSIBILITY OF GETTING LOAN . GIVE ME INFORMATION ABOUT MARGIN MONEY (( LATEST UPDATED ))& LOAN SANCTION PROCEDURE , ABOUT COLLATRAL/3RD PARTY GUARRANTY , PROCEESING FEE , WAY &TIME OF CHARGING , RATE OF INTEREST . PLZ TELL ME WHAT THW MEAN OF VIBILITY ACCORDING TO UR BANK WHICH SHOULD BE IN THE PROJECT TO BE SANCTION BY UR BANK . SEND ALL THESE THIS INFORMATION ON MY MAIL ADDRESS CHOUDHARYBAKSHI@YAHOO.IN

  Re: ABOUT LOAN SECTIONING AND DISBURSEMENT
DHIMAN GOSWAMI | Tue Nov 25 17:44:43 2008
SIR ,I WANT TO SET UP A NEW INDUSTRY OF MINERAL WATER & ICE CREAM. MY PROJECT COST IS NEAR ABOUT 1CRORE .I HAVE LAND OF 1.83.ACRE.WHICH COST IS 70 LAC.AND I AM READY TO FULFILL UR REQUIRMENT & TERM &CONDITION. TELL ME ABOUT POSSIBILITY OF GETTING LOAN . INFORMATION OF MY MARGIN MONEY,PROCEESING FEE,&LOAN SANCTION PROCIDURE ,AND ALL DEATAIL, TO MY MAIL ADDRESS.dhiman.goswami@rediffmail.com

  Re: Re: ABOUT LOAN SECTIONING AND DISBURSEMENT
Vara Prasad G | Sat Nov 28 09:41:34 2009
Dear Dhiman, you can look at getting your project an external rating report from CRISIL Ratings. This will help you to know your strengths and weeknesses and if rated good, you can negotiate better terms with the bank. contact me @ 9840725262 for further details. Even government supports in terms of the raitng fees upto 75% subsidy.

  Re: ABOUT LOAN SECTIONING AND DISBURSEMENT
DHIMAN GOSWAMI | Tue Nov 25 17:45:17 2008
SIR ,I WANT TO SET UP A NEW INDUSTRY OF MINERAL WATER & ICE CREAM. MY PROJECT COST IS NEAR ABOUT 1CRORE .I HAVE LAND OF 1.83.ACRE.WHICH COST IS 70 LAC.AND I AM READY TO FULFILL UR REQUIRMENT & TERM &CONDITION. TELL ME ABOUT POSSIBILITY OF GETTING LOAN . INFORMATION OF MY MARGIN MONEY,PROCEESING FEE,&LOAN SANCTION PROCIDURE ,AND ALL DEATAIL, TO MY MAIL ADDRESS.dhiman.goswami@rediffmail.com

  Re: Re: ABOUT LOAN SECTIONING AND DISBURSEMENT
MAZHAR KHAN | Tue Nov 24 09:27:22 2009
ABOUT RULES AND BYLAWS FOR SMECCC

  Re: ABOUT LOAN SECTIONING AND DISBURSEMENT
DHIMAN GOSWAMI | Tue Nov 25 17:45:30 2008
SIR ,I WANT TO SET UP A NEW INDUSTRY OF MINERAL WATER & ICE CREAM. MY PROJECT COST IS NEAR ABOUT 1CRORE .I HAVE LAND OF 1.83.ACRE.WHICH COST IS 70 LAC.AND I AM READY TO FULFILL UR REQUIRMENT & TERM &CONDITION. TELL ME ABOUT POSSIBILITY OF GETTING LOAN . INFORMATION OF MY MARGIN MONEY,PROCEESING FEE,&LOAN SANCTION PROCIDURE ,AND ALL DEATAIL, TO MY MAIL ADDRESS.dhiman.goswami@rediffmail.com

  Re: ABOUT LOAN SECTIONING AND DISBURSEMENT
DHIMAN GOSWAMI | Tue Nov 25 17:45:42 2008
SIR ,I WANT TO SET UP A NEW INDUSTRY OF MINERAL WATER & ICE CREAM. MY PROJECT COST IS NEAR ABOUT 1CRORE .I HAVE LAND OF 1.83.ACRE.WHICH COST IS 70 LAC.AND I AM READY TO FULFILL UR REQUIRMENT & TERM &CONDITION. TELL ME ABOUT POSSIBILITY OF GETTING LOAN . INFORMATION OF MY MARGIN MONEY,PROCEESING FEE,&LOAN SANCTION PROCIDURE ,AND ALL DEATAIL, TO MY MAIL ADDRESS.dhiman.goswami@rediffmail.com

  Re: ABOUT LOAN SECTIONING AND DISBURSEMENT
hari kishor | Tue Dec 9 14:00:28 2008
what is dacument sumit in education loan

  Re: ABOUT LOAN SECTIONING AND DISBURSEMENT
hari kishor | Tue Dec 9 14:00:49 2008
what is dacument sumit in education loan


SME - CCC
Elango R | Sat Sep 27 06:26:20 2008
Very nice to read, practically when we approach banks for finance the response is quite demotivating eventhough the projects are viable in all respects and eco friendly - elango_r19@hotmail.com

  Re: SME - CCC
Sheela | Sun Sep 28 10:00:42 2008
This is cut and paste from BusinessLine newspaper


 
  Customs Exchange Rates
Currency Import Export
US Dollar
62.60
61.60
UK Pound
98.45
96.25
Euro
78.90
77.00
Japanese Yen 53.10 51.85
As on 23 Dec, 2014
  Daily Poll
Do you want a new body to replace the Planning Commission?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(14)
» Entrepreneurship and skill development: Where do we stand(4)
» Credit scheme being implemented for SMEs(4)
» Govt makes 20 pc procurement from MSEs mandatory(2)
» 'Continued sugar import hurting domestic industry'(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter