Small Business Enterprises – SBE

Eligibility
Individuals and firms managing a business enterprise established mainly for the purpose of providing any service other than professional services.
Extent of Finance
Individual limits for working capital will be fixed depending upon the requirement of activities pursued. Advances for acquisition, construction, renovation of House Boats and other tourist accommodation will be financed. Advances for distribution of mineral oils will also be considered under this category
Rate of Interest
As per prevailing rates from time to time
Margin
No margin up to Rs.25000/-
15 to 25 percent for credit limits exceeding Rs.25000/-
Security
Assets created out of Bank’s finance
Collateral security as per Bank’s discretion
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Loans to Micro & Small Enterprises (MSEs)

Eligibility
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)
Margin
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
Security
Primary:
i)   Assets created out of Bank finance

Collateral:

  • Obtention of collateral Security exempted
  • Up to Rs. 5 lacs
  • Over Rs. 5 lacs and up to Rs. 25 lacs, based on good track record and satisfactory financial position
  • Over Rs.25 lacs at the discretion of the Bank
Interest
As per prevailing rates from time to time
Export Finance
  • Establishment of Letter of Credit
  • Pre-shipment finance
  • Post-shipment finance
  • Assistance against Duty draw back

CREDIT GURANATEE FUND TRUST SCHEME FOR MICRO & SMALL ENTERPRISES (CGTMSE)

SALIENT FEATURES:
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

Micro and Small Enterprises (MSEs)– Definition of Micro, Small and Medium Enterprise Manufacturing and Service Segments.

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

Business Loans (Small Scale Industries) – CGTSI

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

Eligibility:

The SSI units engaged in activities like manufacturing, processing or SSSBEs, including Information Technology and / or Software industry are eligible.

Guarantee fee payable to CGTSI:
One time Guarantee fee of 2.5% of the credit facility sanctioned.
Annual Service fee of 1% of credit facility on the outstanding loan amount as on March 31 each year.
Collateral: No additional collateral is required

For more details, write to us at

ING Vysya Bank Limited

MSME Registration in Gujarat

We are providing Consultantcy Services for SSI units, Small Scale Industry, Micro Small Medium Enterprise for their process of registration in Govt.  to avail benefits from Government of India and Goverment of Gujarat.

Manufacturer and Exporter can get benefits from registering there self in SSI (Small Scale Industry) or MSME (Micro Small Medium Enterprise).

SSI Registration

Feel free to contact us on ekdantcons@gmail.com

SSI registration in Ahmedabad | SSI registration in Gujarat | MSME registration in Ahmedabad | MSME registration in Gujarat | Small Scale Industryssi registration

Interest Subsidy Agro Business

Interest Subsidy

Interest Subsidy, SSI Registration, Industry Registration

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.