|Any individual / partnership firm / Public or Private Ltd. Companies desirous of promoting MSEs (Manufacturing sector) with investment in Plant & Machinery not exceeding Rs. 5 crore and Medium Enterprises with investment in plant & Machinery is above Rs. 5 Crore and upto Rs. 10 crores.|
|Extent of Finance|
|Need based (both fund based and non-fund based)|
|Working Capital/ Medium Term Loan
a) No margin up to Rs.25000/-
b) Credit limit over Rs.25000/-
|Flexible approach:15% – 25% depending on the merits of each case|
i) Assets created out of Bank finance
|As per prevailing rates from time to time|
|CGTMSE was set up jointly GOI and SIDBI
The scheme is extended to all New and Existing units of Micro and Small Enterprises
The scheme is available both under Manufacturing Sector and Service Sector
Eligible loan limit is up to Rs. 50.00 lakhs
No collaterals including the third party guarantee
The Maximum guarantee cover on any loan is 75% of the loan amount. The loans to
Micro enterprises up to Rs.5.00 lacs and loans to MSE operated by women entrepreneurs
are covered up to 80% of the loan
One Time upfront guarantee fee and Annual Service fee at specified rate on the credit facility has to be paid to the Trust before 31st of May every year
|Manufacturing Sector||Services Sector|
|Micro Enterprise||The investment in Plant and machinery ( Original Cost) does not exceed Rs 25 lakhs||The investment in Equipment does not exceed Rs 10 lakhs|
|Small Enterprise||The investment in Plant and machinery ( Original Cost)is more than Rs 25 lakhs but does not exceed Rs 500 lakhs||The investment in Equipment is more than 10 lakhs but does not exceed Rs 200 lakhs|
|Medium Enterprise||The investment in Plant and machinery ( Original Cost) is more than 500 lakhs but does not exceed Rs 1000 lakhs||The investment in Equipment is more than Rs 200 lakhs but does not exceed Rs 500 lakhs|
|ING offers loans to Small Scale Industries at competitive interest rates without any collateral security.
Credit Guarantee Fund Trust for Small Industries [CGTSI]
ING is one of the member lending banks for CGTSI. ING Ltd offers loans of up to Rs 25 lakhs to SSI units under CGTSI at competitive interest rates without any collateral security and / or third party guarantee. In addition the guarantee fee payable to CGTSI would be debited to the account.
Minimum Loan Amount: No Minimum Amount
Maximum Loan Amount: Rs 25 lakhs
The SSI units engaged in activities like manufacturing, processing or SSSBEs, including Information Technology and / or Software industry are eligible.
|Collateral: No additional collateral is required
For more details, write to us at
The entrepreneur is required to furnish information in the application form for availing assistance for agro industrial project, agri infrastructure project and center for excellence. He is required to prepare the detailed project report and get it appraised by the financial institution providing term loan for the proposed project. The interest subsidy shall be granted towards interest on term loan from nationalised banks and financial institutions recognised by Reserve Bank of India. In case the term loan is granted by a co-operative bank, the entrepreneur is required to get the project appraised by GITCO or such organisation nominated by GAIC. The cost of the appraisal shall be borne by the entrepreneur.
The entrepreneur shall get back ended interest subsidy after the project has commenced the commercial production. The certificate from the bank/ financial institution is required to be submitted before disbursement of subsidy can take place. The interest subsidy payable to the entrepreneur will be sent directly to the bank / financial institution.
As per GR 2006 of MSMED.
Section 8 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 provides for filing of memorandum by a Micro, Small or Medium Enterprise. Sub-section (2) of section 8 stipulates that the form of the Memorandum, the procedure of its filing and other matters incidental thereto shall be such as notified by the Central Government.