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Maharashtra State Financial Corporation (MSFC)

The Maharashtra State Financial Corporation (MSFC) has been set up under the ‘State Financial Corporations (SFCs)
Act 1951’. The Corporation has been operating in the State of Maharashtra sicne 1962 and in the State of Goa and
the Union Territory of Daman and Diu since 1964.

FUNCTIONS
The main function of MSFC is to provide Term Loan assistance to small and medium scale industries
(new as well as existing) for acquisition of fixed assets like land, building, plant & machinery.

ELIGIBLE INDUSTRIES / ACTIVITIES
a) Most of the industrial activities such as Manufacturing, Assembling, Serivicing, Processing, Preservation, Transportation,
Setting - up Industrial Estates, Road Construction etc.
b) Small Nursing Homes, Hotels, Restaurants, Tourism Related Activities
c) Medical Practitioners, Qualified Professionals.

MAJOR SCHEMES
* General Loan * Equipment Finance * Small Nursing Homes * Electro - Medical Equipment for Medical Practitioners
* Hotels, Restaurants & Tourism Related Activities * Qualified Professionals * Mahila Udyam Nidhi * National Equity Fund
* Technology Development & Modernisation * Extended Credit Facilities for good clients

LOAN LIMITS
Limited Companies
Proprietary / Partnership Firms

Upto Rs. 2.40 Crore
Upto Rs. 1.20 Crore

PROJECT COST LIMIT : Upto Rs.10 Crore (Cost of the fixed assets, margin money for working capital, preliminary &
pre - operative expenses and contingencies).

NET WORTH LIMIT : Upto Rs.10 Crore (Paid - up capital + free reserves excluding share premium amount)

INTEREST RATES : Ranging between 13.50% and 18% p. a., depending upon scheme, quantum of loan, rate of refinance,
eligibility for refinance, covered under line of credit etc.

QUANTUM OF ASSISTANCE
The loan amount is worked out considering the debt - equity ratio and minimum promoters’ contribution norms also ensuring
that at least 10 per cent security margin is maintained n the value of fixed assets eligible for loan. Higher security margin and /
or collateral security may also be insisted depending upon nature of assets and risk perception.

DEBT EQUITY RATIO (DER)
For loan amount upto Rs.10 Lakh, DER at 3:1 (75% loan, 25% equity) is observed, while for loan amount over Rs.10 Lakh,
DER depends upon the scheme, loan amount, nature of assets and risk perception and ranges between 2:1 to 1.5:1 but may
even extend to 1:1, keeping inmind viability and collateral sercurity. ‘EQUITY’ includes promoters’ contribution, share capital,
seed capital, State Govt. subsidy, part of the reserves, portion of accruals transferred out of profits, interest free unsecured
loans (quasi equity) etc. ‘DEBT’ includes long term loans, deferred payments, etc.

PROCESSING FEE
(For Long Term Loans)
Loan above Rs.50,000 and
upto Rs.10 Lakh

Loan above Rs. 10Lakh

-    0.7% of the amount sanctioned

-    1% of the amount sanctioned subject to the maximum of
     Rs.1 Lakh

REPAYMENT PERIOD
Maximum 8 years. Moratorium upto 2 years from the date of first disbursement during which only interest payment commences.
For certain schemes shorter repayment period is prescribed.

Special Features
* No seperate Interest Tax D. I. C. G. C Fee, Service Charge, Inspection Fee, Compulsory Purchase of Shares, etc.
* Facility to pay the quarterly Interest within 15 days from the date of calculation
* Decentralisaion of Sanctioning & Disbursement powers.
* Need - based additional loans and facilities for deserving units.
* Longer Moratorium and Repayment Period.

HEAD OFFICE : New Excelsior Building., A. K. Nayak Marg, Fort, Mumbai - 400 001 (India)
* Tel. : (022) 2077711 / 12, 2077786 / 87 * Fax : (022) 2070113 / 2079902 * E - Mail : msfcho@bom7.vsnl.net.in

REGIONAL OFFICES :
* Amravati : Parvati Bhavan, 1st Floor, Badnera Road, Rajkamal Chowk, Amravati-444601
* Tel. : (0721) 673615 / 673670 * Fax : 673642 * E - Mail : msfcamt@bom7.vsnl.net.in

* BRANCHES:

* Buldhana : 07262-42444
* Yavatmal : 07232-42661
* Auranagabad :
    Mahavitta Bhavan, Opp. Fire Brigade, Station Road,
    Aurangabad-431001 * Tel. : (0240) 335249 / 331396 / 97
    Fax : 332254 * E-Mail : msfcaro@bom4.vsnl.net.in
* Beed : 02442-22516
* Jalna : 02482-33206
* Latur : 02382-45499
* Nanded : 02462-43369
* Osmanabad : 02472-22340
* Parbhani : 02452-20340
* Kolhapur : Udyog Bhavan, Assembly Road, Tarabai Park,
   Near Collector Office, Kolhapur-416003
   Tel. : (0231) 657636, 652451/2 * Fax : 6522283
   E - Mail : msfckro@pn3.vsnl.net.in
* Sangli : 0233-323740
* Satara : 02162-34640
* Mumbai Konkan : United India Building, Sir P. M Road,
    Fort, Mumbai-400001 * Tel. : (022) 2664189, 2663500,
    2664452 * Fax : 2661274
    E- Mail : msfcmkr@bom7.vsnl.net.in
* Panvel : 7452584
* Ratnagiri : 02352-22371

* Nagpur : 3rd Floor, Udyog Bhavan, Civil Lines,
   Nagpur-44001 Tel. : (0712) 542619, 531553 / 54
   Fax : 526467   E - Mail : stafico@nagpur.dot.net.in
* Bhandara - 07184-52448
* Chandrapur : 07172-52797
* Wardha : 07152-42637
* Nashik : Sundeep Apartments Co. Op. Housing Society Ltd.,
    Trimbak Road, Nashik-422002 * Tel. : (0253) 577868,
    572365 / 66 * Fax : 316811
    E - Mail : msfcnsk@bom6.vsnl.net.in
* Dhule - 02562-35269
* Jalgaon - 0257-221276
* Pune : S.P.College Compound, Above Post Office,
    Tilak Road, Pune-411030 * Tel. : 020-4331145, 4331989
    Fax : 4338003   E - Mail : msfcpro@pn3.vsnl.net.in
* Ahmednagar - 0241-355905
* Solapur - 0217-311586
* Thane, Daman & Diu : Office Complex Bldg., 6th floor,
    Wagle Indl. Estate, Near Mulund Check Naka,Thane-400604
    Tel. : (022) 5822154 / 58 / 76 / 87 * Fax : 5823390
    E - Mail : msfctdd@bom7.vsnl.net.in
* Goa : Lobo Bldg., 2nd floor, 18th June Road,
    Opp. Saraswati Mandir, Panaji, Goa - 403001
    Tel. : (0832) 426034 / 426045
     Fax : 224818 * E - Mail : msfcgdo@satyam.net.in
* Kudal - 02362-22030