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)