S.No.

Parameter

Scheme Guidelines

1.

Eligibility

• All units engaged in trading/Services/manufacturing activity

• The borrower should be in possession of requisite registration under GST Act viz. i.e Provisional Registration (Form GSTREG-25) or Final Registration (Form GSTREG-06).

• The borrower should have valid GST Returns i.e GSTR-1(Regular), GSTR-4(Composition) in place.

• The rating of the account should be in investment grade category of the Bank.

• Existing borrowers can switch over to this scheme subject to fulfilling of the eligibility criteria specified above.

2.

Purpose of Advance

To fund need based Working Capital requirement for trading/services/manufacturing business.

3.

Quantum of Limit

Minimum Limit: Above Rs.10.00 lacs.
Maximum: Rs. 200.00 lacs.

4.

Margin

Working Capital :20%

5.

Assessment

Based upon the average turnover (as per GSTR-1/GSTR-4). For more details, nearby Branch may be contacted.

6.

Rate of Interest

ROI will range between 1 year MCLR+0.75% to 1 year MCLR+1.25% depending upon internal credit rating.

7.

Point of Sale terminal

• Installation of Point of Sale terminal of our Bank be explored wherever possible / feasible.
• Installment of POS terminal will be made free of cost.
• Waiver of Rentals for a single POS terminal provided as per need based requirement for 12 months from the date of 1st installation.