STAR MSME GST PLUS


To meet the need based Working Capital requirement for trading/services/manufacturing business

Target Group

  • All units engaged in trading/manufacturing activity classified under MSME (as per regulatory definition), will be eligible under the scheme
  • Units should have valid GSTIN
  • The rating of the account should be of minimum investment grade and complying entry level norms

Nature of Facility

Working Capital Limit (Fund Based/Non Fund Based)

Quantum of loan

  • Minimum Rs 10.00 lakhs
  • Maximum Rs. 500.00 lakhs
  • In case of Finance against both Stocks & Book Debts, Drawing Power allowed against Book Debts should not be more than 40% of the total limit
  • In case of Finance against only Book Debts, the maximum quantum of loan be restricted to Rs 200.00 lakhs

Security

Primary

  • Hypothecation of Stocks
  • Hypothecation of Book Debts ( upto 90 days)

Collateral

  • Minimum CCR of 65% (wherein CGTMSE is not applicable)
  • CGTMSE Coverage (where ever applicable)

For more information
Please send ‘SME’ to 7669021290
Just give a missed call on 8010968334


*Terms & Conditions apply. For further details, Please contact your Nearest Branch


As Applicable

Margin

25% on Stocks & 40% on Book Debts

Assessment of loan

  • Assessment is done strictly as per turnover specified in GSTR – 1 and/or GSTR - 4 returns filed by the borrower and/or GSTR - 4 returns filed by the borrower
  • Minimum GSTR – 1 return for minimum three consecutive months is required
  • GSTR – 4 return for the preceding quarter is required
  • Based on the turnover as per GSTR – 1 ( average of three months)/GSTR – 4, annual projected turnover may be assessed upon
  • The quantum of working capital limit should not exceed 25% of annual turnover assessed (in case of Micro & Small enterprises) and 20% (in case of medium enterprises)

Processing & other charges

As Applicable

For more information
Please send ‘SME’ to 7669021290
Just give a missed call on 8010968334


*Terms & Conditions apply. For further details, Please contact your Nearest Branch

Star-MSME-GST-Plus