Home Personal Banking Corporate Banking MSME Banking Agri Banking Nri Banking Customer Care
A-   A   A+  
    Home     About Us     Investor     IDBI Group     CSR     Careers     Contact Us    Search
Hindi
  Net Banking Login
Domestic Interest Rates
NRI Interest Rate
Service Charges
Corporate Service Charges
 
MSME > Funding under CGFMSE (Collateral Free Loans)

Collateral Free Loans for SME - IDBI Bank CGMSE Loans



Providing adequate security for the facility availed by the micro/small enterprises units (MSEs) has been a major roadblock for their inability to access banking system. Keeping this in view, Government of India and SIDBI had set up "Credit Guarantee Fund Trust for Micro and Small Enterprises" (CGTMSE). On the basis of CGTMSE guidelines IDBI Bank offers collateral free loans up to Rs. 1 crore to realize the areas of those entrepreneurs who have viable Projects/ proposals but lacks adequate collateral security to offer.

The product details are as below:

FUNDING UNDER CGMSE

Sr. No.

Field

Content

1

Eligible Segments

  • Bullet Micro/ Small Enterprise (manufacturing/ services) as defined under MSMED Act and by RBI

2

Purpose / Facility

  • Bullet Fund Based: Working Capital and Term Finance for capex/ takeover of existing loans
  • Bullet Non-Fund based limit viz., Bank Guarantee (BG) and Letter of Credit (LC)

3

Loan Amount

  • Bullet  Maximum: Rs. 1 Crore

4

Tenor

  • Bullet Cash Credit: 12 months
  • Bullet Term Loan: Max 5 years
  • Bullet Bill Discounting/Letter of Credit: upto 180 days
  • Bullet Bank Guarantee: Not to exceed 12 months

5

Pricing

  • Bullet Linked to Bank Base Rate and Rating

6

Security

  • Bullet Primary: Exclusive charge on current and fixed assets
  • Bullet No Collateral / Third party guarantee


Home | Top
Service Charges : Domestic Interest Rates : NRI Interest Rate
Disclaimer : webmaster : Site Map : RBI : RTGS : FAQ Up Arrow Policies - Privacy : Hyperlink : Copyright : Screen Reader Access