Purpose
To meet working capital requirement.
Features
• Target Group
MSMEs & Non MSMEs with Special Focus on Micro Enterprises, Woman and Youth Entrepreneur
• Type of Facility
Working Capital (FB+NFB)
• Eligibility
Individuals/ Proprietorship / Partnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co/Trust/ Societies & Co-operative Societies (registered and incorporated under applicable law) having GST Registration No. (wherever applicable)
• Loan Amount
Rs.10 Lakh to Rs.200 Lakh
• Rate of Interest
Concessional Interest rate linked to RLLR (Linked to Repo Rate) starting from 8.50%
• Margin
• Overdraft Facility- Nil
• Non-Fund based Facility-Min 10%
• Assessment of Loan
GST Return Filing Entity- 25% of the Sales reported in the GST returns for the last 12 months.
Non-GST Return Filing Entity-25% of Credit Summation in the bank account for the last 12 months.
• Collateral Security
Immovable property(IP) and / or Bank’s approved liquid security covering at least 100% of the exposure.
OR
Entire exposure of the facility may be covered under CGTMSE.
OR
“Hybrid Security” model of CGTMSE (100% coverage for entire credit facility).
Special Features
• 25% concession in applicable Processing Fee.
• 25% concession on applicable charges on LC & BG Commission.
• Nil RTGS, NEFT, IMPS charges
• Relaxation in Cash Handling charges.
• Concession in ROI to Youth/Women Entrepreneur.
• Concession in ROI/ Processing Fee to ZED Certified MSME Units.