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Yes GST

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YES GST program is aimed at MSME enterprises to provide quick and simple access to finance facilities. The product is designed such that working capital finance up to INR 1 cr. can be made available to MSMEs purely basis the turnover as per their GSTR 1 returns. Financial statements and bank statements are not mandatory for assessment thereby doing away with the hassles of paperwork to a major extent.

key attractions

No More Financial Analysis

Assessment will only be basis turnover as per GSTR 1 returns. Balance sheet & bank statements are not needed for assessment of limit.

Limit Amount up to INR 1 Cr

Limit will be by way of Fund based Overdraft Facility or Drop Line Overdraft Facility up to INR 1 Cr.

Bank Statements not Required

Under this product, even bank statements are not required for assessment and limit calculation. Only the GSTR 1 returns are needed.

features and benefits

Charge on Current Assets Not Required

Charge on Current Assets i.e. Stock and Book Debts is not mandatorily to be hypothecated in this product.

Charge on Current Assets i.e. Stock and Book Debts is not mandatorily to be hypothecated in this product.

Faster Approvals

Since limited documents are needed for processing the application, the approval process becomes very fast.

Since limited documents are needed for processing the application, the approval process becomes very fast.

Simplified Documentation

Since it is a very simplified product, the documentation & disbursement process is also kept very simple to ensure faster disbursement.

Since it is a very simplified product, the documentation & disbursement process is also kept very simple to ensure faster disbursement.

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Documents Required

Application Form

KYC of all entities and individuals involved in the loan application

Latest 6 months GST returns for proof of turnover

Sanction Letter of all existing loans.

Constitution Documents for vintage proof

ITR return of the borrower along-with computation of Income

Management/Promoter certified Positive adjusted Net Worth

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yes pay wallet

Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more

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