CGTMSE Loan
Come experience the hassle-free loan process and pre-assessment for your business
We assist SMEs in obtaining government loans and credit facilities to unleash their potential for growth.
5.0 Crore Loan
Up to 10 Years
- Company Incorporation Certificate
- PAN Card & GST
- Latest Address Proof of the Company
- MOA and AOA
- PAN Card & Aadhar Card
- Latest Address Proof
- Individual Partners & Directors Names and address should be mentioned
- ITRs with P&L, Balance Sheets, schedules
- Director’s Report
- Auditor’s Report
- Form No. 3CA, Form No. 3CD
- ITRs with computation of income, P&L , Balance Sheets
- All Current A/c’s Bank Statement from 1st Oct 2021 to till Date
- OD or CC A/c Bank Statement from 1st Oct 2021 to till Date
All bank statements from 1St Oct 2021 to till date
All Loan Sanction Letters, Repayments tracks, closure letters of the loans availed.
- Sale deed
- All link Documents
- Approved sanction Plan
- Latest property Tax receipt
- Latest EC for last 30 Yrs.
New and existing Micro and Small Enterprises engaged in manufacturing or service activity excluding Agriculture,
As of now, all activities that come under service sector as per MSMED Act, 2006 are eligible for coverage under the scheme.
Under the Guarantee Scheme, a borrower is required to obtain IT PAN number prior to availing of credit facility from the eligible lending institution. Also it is a mandatory requirement under section 139A(5) read with section 272(C) of the I.T Act 1961 to indicate IT PAN on all tax documents which include returns, challans, appeals, etc. However, in respect of loans up to 5 lakh, CGTMSE is presently not insisting that the IT PAN be obtained at the time of availing of the guarantee cover. IT Pan No. is to be indicated in respect of credit facility above 5 lakh. Nevertheless, the MLIs have been advised to inform their borrowers to apply for IT PAN number. It is desirable to indicate IT Pan No. in all the application irrespective of the amount. (Refer Circular no. 206), It is advisable to obtain Udyog Registration Number of every borrower and feed it in the system at the time of submission of new application .
Yes, existing credit facilities can be covered provided the credit facility was not restructured / remained in SMA2 status in last 1 year from the date of submission of application. In case, collateral security obtained, the unsecured portion can be covered under “Hybrid Security” product where the MLIs is allowed to obtain collateral security for a part of the credit facility, whereas the remaining part of the credit facility, up to a maximum of 500 lakh, can be covered under Credit Guarantee Scheme of CGTMSE.
Credit facilities can be extended by more than one bank and/or financial institution jointly and/or separately to eligible borrower up to a maximum limit of 5 Crore per borrower subject to ceiling amount of individual MLI or such amount as may be specified by the Trust. However, sharing of securities will not be permitted.
Yes, joint financing by a financial institution (e.g. SIDBI, NSIC, and NEDFi) and Commercial bank can be covered under the scheme. For e.g. MSE unit is financed by term loan from State financial institution and Working capital from a commercial bank. However, sharing of securities will not be permitted.
Why Choose CGTMSE Loans!
Collateral-free financing:
CGTMSE loans provide collateral-free financing options, allowing micro and small enterprises to access funds without the need for significant assets as collateral.
Easy access to credit:
CGTMSE loans aim to promote financial inclusion by providing easy access to credit for micro and small enterprises, especially those that may not have sufficient collateral or credit history.
Risk mitigation:
CGTMSE provides a credit guarantee to banks and financial institutions, reducing their risk in lending to micro and small enterprises. This encourages lenders to extend credit to these businesses that might otherwise be deemed risky.
Lower interest rates:
CGTMSE loans often come with lower interest rates compared to unsecured loans, making them a cost-effective financing option for micro and small enterprises.
Financial support for business growth:
CGTMSE loans provide financial support to micro and small enterprises for various purposes, such as working capital needs, technology upgradation, expansion, and diversification, enabling them to grow and flourish.
Simplified application process:
CGTMSE loans offer a simplified application process with minimal documentation requirements, making it easier for micro and small enterprises to apply for and avail the funds they need to support their business operations and expansion.
"Apply Now for Your Hassle-Free Loan!"
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