Scheme to cater to the Working Capital needs of all types borrowers i.e. Individuals, Proprietorship / Partnership Firms, Public / Pvt / LLP companies, etc. having Udhyan Registration Certificate. Based on GST Returns.
Facility: Working Capital.
Loan Amount: Maximum Rs.5.00 Crore
Margin: 25%.
Security: Limit to be covered under CGTMSE (For Service Sector only upto Rs.2.00 crore, with CGTMSE cover) or covered by 100% Collateral (Realisable Value) if the party is not agreeing for Guarantee Fee. The collateral security shall be Residential/ Commercial /Industrial property in the form land & Building.
In case of Medium Enterprises as CGTMSE is coverage is not allowed, 100% collateral security (Realizable Value)/ Bank deposit shall be obtained.