Click here to know the Rates of Interest for loans
Key Features
Get assessed based on your GST returns
Quick processing
Low Charges
Features and Benefits
Provides Bank Credit to GST registered MSME units at liberalized terms towards working capital requirement.
Eligibility and Terms
All MSME units run by Individual, Proprietary Concern, Partnership firms, Limited Liability Partnership firms, Limited Company.
Firm should be in possession of requisite registration under GST Act Final Registration (Form GSTREG-06)
Nature of Advance - Overdraft / Overdraft (Reducing Balance)
Quantum of Credit - Minimum – Rs.10.00 lakh
Maximum – Rs.200.00 lakh.
Margin - 25%
Repayment Period - Overdraft - One year, subject to renewal every year well before the due date. OD (Reduction Balance) - not exceeding 84 months, subject to review every year.
Interest and Fees
Interest
Click here to know the Rates of Interest for loans
Fees & Charges
OD (Reducing balance): 1.00% of the loan amount + applicable taxes (without any maximum cap).
Overdraft (running account): 0.50% of the Limit + taxes as applicable (without any maximum cap).
For renewals: 0.25% of the Limit + taxes as applicable (without any maximum cap).
