STAR MSME GST PLUS
To meet the need based WC requirements of trading /services

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