Maha MSME Cash Credit Scheme
The Maha MSME Cash Credit Scheme is a working capital credit facility under the MSME loan products of Bank of Maharashtra. It is meant to help MSME units meet their ongoing operational / working capital requirements, by providing funds through a cash credit (CC) account, secured primarily by current assets (inventory, receivables). It is one of several “Maha MSME” schemes listed on the bank’s MSME scheme portal. The goal is to ensure smoother liquidity and operational continuity for MSMEs, with interest concessions if adequate collateral / security is offered
Key Features
- Cash Credit facility for working capital purposes: This is not a term / project loan, but a revolving credit limit (CC) meant to finance day-to-day business operations
- Primary security by current assets: The security is the hypothecation of your current assets namely stock / inventory and receivables (up to 180 days).
- Minimum margin requirement: 25 %: The scheme mandates that the borrower supply at least 25 % margin (i.e. portion of funds) before the bank advances the rest.
- Interest rebate / concession: If you provide stronger collateral / security, the bank may reduce the interest rate (rebate) under this scheme.
- Part of MSME scheme portfolio: It is grouped along with other “Maha MSME” products (project loan, machinery, collateral-free term or CC) on the bank’s scheme listing.
Financial Assistance under the Scheme
Eligibility for the Scheme
Who can apply:
- MSME units (i.e. micro, small or medium enterprises) engaged in manufacturing, trading or service activities.
- The borrower must be able to provide the required margin (25 %) and security (current assets).
- Willingness to provide collateral / security to obtain interest rebate is beneficial.
Who cannot apply:
- If the business cannot provide adequate margin or security, obtaining full benefit (or credit) may be restricted.
- If the MSME is not able to be rated / credit assessed, obtaining favorable terms may be difficult.
- The scheme does not explicitly mention that collateral-free is allowed under this scheme unlike its “Collateral Free Cash Credit” sibling product.
Documents Required for the Scheme
- Identity proof (PAN, Aadhaar, Voter ID, Passport)
- Address proof (electricity bill, rental agreement, etc.)
- Business registration / MSME / Udyam registration certificate
- Financial statements / audited balance sheet (last 2–3 years)
- Income tax returns & tax audit reports
- Bank statements of the business for past 12–24 months
- Projected / working capital requirement plan
- Details of inventory, receivables, stock statements
- Collateral documents (if any) – title deeds, property documents, etc.
- KYC documents of promoters / directors / guarantors
Application Process for the Scheme
Option 1: Apply with Bullit (Recommended)
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Option 2: Direct via Bank of Maharashtra branch
- Visit a Bank of Maharashtra MSME / business branch
- Request the form / application for “Maha MSME Cash Credit Scheme”
- Fill in the form, attach necessary documents (see below)
- Submit to branch; bank will evaluate your credit, security, margin, and financials
- Upon approval, facility is sanctioned; work with the branch to disburse funds and create the hypothecation / security charge over current assets
Option 3: Online / digital (if offered by bank)
- Check Bank of Maharashtra’s MSME / business banking portal
- Some loan products may have digital application forms
- Submit scanned documents, await branch-level verification and sanction
