Mahabank GST Credit Scheme for MSMEs
Eligibility
  • MSME Units engaged in Trading / Services / Manufacturing Activity irrespective of constitution.
  • The MSME Unit / Borrower should have requisite registration under GST Act i.e., Provisional Registration (GST REG-25) or FinalRegistration (GST REG-06).
  • The MSME Unit / Borrower should have valid GST returns i.e. GSTR-1 (Regular) for minimum latest 3 months / GSTR-4 (Composition) for Latest Quarter.
  • Requirement of filings as under-
  • GSTR-1(Regular) or GSTR-4(Composition)
    For latest 3 months Forlatest quarter
  • The borrower shall have all the statutory approvals / NOCs from respective departments in place.
  • The internal credit rating of the MSME Unit / Borrower should be BBB and above
  • The facility under the scheme is available only under Sole Banking.
  • Theexisting MSME borrowers of our Bank can switch over under this scheme subject to fulfilling the eligibility criteria as specified above.
Purpose To fund need based working capital requirement for Trading / Services / Manufacturing activity
Nature of Facility Working Capital (Fund & Non fund based)
Quantum of Finance Minimum Rs.10 Lakhs Maximum Rs.300 Lakhs
Margin 25% of paid stock & receivables
Rate of Interest For Advances upto Rs.25.00 lakh: 1 Year MCLR(8.75%)+0.75%+BSS(0.25%) i.e.,9.75% p.a. at present
For Advances above Rs.25.00 lakh:
Internal CRR Applicable ROI
AAA 1 Year MCLR (8.75%) +0.75%+BSS (0.25%) i.e.,9.75% p.a. at present
AA 1 Year MCLR(8.75%)+1.00%+BSS(0.25%) i.e.,10.00% p.a. at present
A 1 Year MCLR(8.75%)+1.25%+BSS(0.25%) i.e.,10.25% p.a. at present
BBB 1 Year MCLR(8.75%)+1.50%+BSS(0.25%) i.e.,10.50% p.a. at present
Fees & Charges Processing Fee :

For Working Capital : Upto Rs.1.00 Crore 0.50% (Min.Rs.1000/-) + GST Above Rs.1.00 Crore 0.35% (Min. Rs.0.50 Lakh) + GST

For Term Loan : 1% of Sanctioned Amount + GST

Supervision/Inspection Charges : Rs.10.00 lakh to Rs.1.00 crore: 0.25% p.a. + GST (Max. Rs. 5000/-) Above Rs.1.00 crore: Flat Rs.12000/- p.a. + Cost of Visit + GST

Documentation Charges : 0.20% of Sanctioned Amount + GST (Max. Rs.25000/-)
 
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