Plant & Machinery Finance

The Udaipur Mahila Samridhi Urban Co-operative Bank Ltd. provides Plant & Machinery Finance for SSI Units, Factories, Proprietary Firms, Professionals, Self-Employed Individuals, and Business Enterprises for purchase of machinery, factory renovation, infrastructure development, and working capital needs.

Finance for Industrial & Business Growth

The Bank offers financial assistance for purchase of Plant & Machinery, Factory Development, Renovation, Project Expansion, and Industrial Infrastructure.

This scheme supports SSI Units, Factories, Proprietary Firms, Professionals, and Self-Employed Individuals with flexible repayment facilities and competitive interest rates.

Loan eligibility depends upon project viability, repayment capacity, collateral security, quotation value, and applicable Bank norms.

Key Features & Benefits

Plant & Machinery Purchase

Finance available for industrial machinery, equipment, and factory setup requirements.

Factory Renovation Support

Financial assistance for renovation and modernization of factory infrastructure.

Industrial Expansion

Funding support for business expansion, project development, and industrial growth.

Flexible Loan Structure

Convenient repayment options with attractive interest rates.

Quick Loan Processing

Fast documentation verification and timely loan disbursement.

Working Capital Support

Financial assistance for operational and project-related business expenses.

Plant & Machinery Finance Details

Loan Category	Loan Amount	Interest Rate	Repayment Period
Renovation of Immovable Factory / Project	Up to ₹5 Lakhs	9.75%	60 Months
	Above ₹5 Lakhs to ₹20 Lakhs	9.75%	120 Months
Purchase of Plant & Machinery / Project	Up to ₹25 Lakhs	9.75%	120 Months
	Above ₹25 Lakhs	10.25%	120 Months

Eligibility Criteria

SSI Units, Factories, Proprietary Firms, Professionals, and Self-Employed Individuals are eligible.
Loan eligibility depends upon repayment capacity, business turnover, and project viability.
Plant & Machinery quotation and project details are required for assessment.
Collateral security / equitable mortgage may be required as per Bank norms.
Half yearly verification by Branch Head shall be applicable.

General Conditions

Two references who know the borrower are mandatory.
Third Party Collateral Equitable Mortgage is acceptable.
Maximum limit recommendation is restricted up to 85% of realizable value of Principle and/or Collateral Equitable Mortgage along with other eligible criteria.
In case of Plant & Machinery purchase, maximum finance shall be restricted up to 90% of quotation value.
Half yearly verification by Branch Head shall be carried out.

Documents Required

Identity Proof

Aadhaar Card, PAN Card, Passport, Voter ID, etc.

Business Proof

GST Registration, Firm Registration, MSME Certificate, etc.

Quotation / Project Report

Machinery quotation, project report, project estimation documents, etc.

Financial Documents

Bank Statement, ITR, Balance Sheet, Profit & Loss Account, etc.

Important Information

Plant & Machinery Finance shall be sanctioned subject to repayment capacity, technical feasibility, collateral security, documentation verification, and applicable rules of The Udaipur Mahila Samridhi Urban Co-operative Bank Ltd.