SCHEME NAME:
Cent GST Loan
PURPOSE:
Any lawful trading/service provider/manufacturer/processing activity, Business/etc, to meet their working capital needs.Udyam Registration Certificate is mandatory.
ELIGIBILITY:
All types borrowers i.e Individuals, Proprietor, Partners, companies, public private, LLPS etc who are registered under GST and has URC for WC needs. (Except HUF and Trust).
FACILITY:
CC
MAX FINANCE:
Min Rs10 lacs and
Maximum:
For Retailer Rs.1 Crore (if covered under CGTMSE coverage)
For others
Rs.2 Crores
SECURITY:
To be covered under CGTMSE coverage OR covered by 100% Collateral
MODE OF ASSESSMENT:
25% of previous year’s annual turnover as per GST returns or Annualized Turnover based on Qtrly GST returns.
MARGIN:
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RATE OF INTEREST:
Attractive and Competitive interest.
LOAN TERM:
12 months (on demand/Renewal every year).
URL: