Eligibility
GST registered units which have filed GST returns at least for the last 12 months.
Business entities having an active current account with Bank since past 12 months.
Individuals, firms, companies, limited liability partnership and not availing working capital facility from any Bank/FI.
GST registered units which have filed GST returns at least for the last 12 months
GST Exempted category borrowers shall be allowed only if GST return is available, with following condition: -
(i) Minimum 75% Collateral security in the shape of SARFAESI compliant immovable property or Bank approved liquid security.
Or
(ii) Minimum 50% Collateral security in the shape of SARFAESI compliant immovable property or Bank approved liquid security. Remaining exposure shall be secured by CGTMSE guarantee coverage under Hybrid Model.
Minimum required SME SCORE for loan eligibility is above 52.
Udyam Registration is mandatory.