MSME Loan for New Business 2 Crore तक का ! No Guarantee | No Collateral | CGTSME Scheme | CA Sachin

In this Video, CA Sachin, explained how MSME can take loan upto 2 crore without Guarantee and Collateral by applying online CGTSME certificate.

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Q1-Official Website.?
https://www.cgtmse.in

Q2-What is Full form of CGTSME?
Full Form Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

Q3-Who set up this Scheme?
Setup By Central Government and SIDBI.

Q4-What is the objective for this CGTSME Scheme?
Objective: New and Existing micro and small enterprises including service enterprises are eligible for a collateral free loan with maximum credit cap of Rs. 2 crore.

Q5-What are the charges for CGTSME Scheme by Trust??
1-Guarantee Fee approx. 1% of the Loan amount.
2-Annual Guarantee Fee (AGF)
3-Annual Service Fee (ASF)

Q6-Where this Loan can be used and purpose?
1-Term Loan
2-Working Capital Loan
3-Composite Credit
4-Letter of Credits (LC)
5-Guarantees

Q7-What business are not covered in CGTSME Scheme?
Exclusions: Some entities are excluded from the CGTMSE coverage. They are:
1-Retail Trade.
2-Educational Institutions.
3-Agriculture.
4-Self Help Groups (SHG).
5-Training Institutes.

Q8-What documents require for CGTSME Scheme?
(A) Establishment of the Business Entity: -Proprietorship, Partnership or a Pvt Ltd, limited company, necessary approvals, certificates and tax registrations.


(B) Business Project Report: 
-Business Model.
-Promoter Profile.
-Cost and other Financials.

(C) Submission: Project report + CGTMSE loan application form = Bank

(D) CGTMSE Scheme Banks Sanction: CGTMSE application forms -Submitted-Processing begins.
(E) Evaluation+ viability of the project.

(F) Obtaining CGTMSE Loan Cover: After according sanction to the loan, it is responsibility off the lender to file for guarantee cover at the CGTMSE.

Q9- How CGTSME Scheme apply online??
1-https://www.udaanformse.in

2-https://www.udaanformse.in/udaan/home

3-On Mail you will received provisional certificate.