Unsecured Fund For New and Existing MSMEs Under CGTMSE Scheme-
Unsecured Fund For New and Existing MSMEs Under CGTMSE Scheme-
Date : 05-04-2024
Posted By : Growmoreloans.com
Unsecured Fund For New and Existing MSMEs Under CGTMSE Scheme-
● Unsecured. Collateral is not required.
● Fund up to 5 Crores
● ROI- 9 to 12% reducing. Can go slightly higher on case to case basis.
● Minimum Turnover- 2 Crore
● Enduse- Working Capital (CC/OD), Machinery purchase, Construction of factory building/ shed/ warehouse, Commercial property purchase, Non Fundbase (LC/ BG/ PC) etc.
● New companies with 1 year of existence and have achieved 2 crore turnover can be considered.
● CIBIL Score- Above 700.
● Profile- Manufacturer, Traders, and Service Providers (case to case).
● Source- Nationalized Banks, Co
-operative Banks, Private Banks.
● Location- Maharashtra, Gujarat
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