Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
Collateral Free Lending upto INR 2 Crs.
Programme for extending collateral free loan up to INR 2 Cr to micro and small manufacturing and service units.
Eligible Units:- Micro, Small Enterprises and Retail Trade
Loan Amount :- Credit line upto INR 2 Cr
Facilities covered- Working Capital facilities / Term Loan
Only primary security in name of unit, if unencumbered.
No requirement of collateral security
Guarantee cover from CGTMSE depending on category type and ticket size
Competitive pricing linked to EBLR
Completely Filled MSME Application Form
Last 3 year Financial Statement including latest 2 years Audited Statements along with all schedules
Financial Projection for 2 years
Income Tax Returns along with computation of Income at least for last 2 years of the Applicant/Co-Applicant/Guarantor
GST Returns for Current Financial Year.
Statement of Accounts for Last 6 months-for all CC/OD/Current Account.
Repayment Track Statement from Starting to Till Date OR First and Latest Sanction Letter with last 6 months Repayment Track Statement
Proof of Vintage e.g. Shop establishment , Pollution license, etc
KYC documents of Applicant/Co-Applicant/Promoters/Guarantor
Property Documents offered as Security
Self-Certified/CA certified Net worth statement of the Applicant/Co-Applicant/Promoters/Guarantor
Sanction letter of the all Major existing working capital facilities availed by the firm
Key group company's latest Audited Financials, along with details of Bank borrowings if any
Order in Hand and Important Agreement if any
* All Documents must be self-attested
** These are only indicative and not exhaustive list of Documents.
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