CGTMSE Loan in Nashik

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The wine capital of India, Nashik is a prominent industrial city in Maharashtra. From well-established manufacturing units to blossoming startups, the city offers a fertile ground for businesses to flourish. We provide various financial solutions to support this growth, including CGTMSE loans in Nashik.

CGTMSE, a government-backed scheme offers collateral-free financing up to Rs. 5 Cr. By making it easier for MSMEs to secure loans, this initiative empowers businesses to access necessary funds and fuel their expansion. Therefore, if your business in Nashik requires financial backing, the CGTMSE scheme can be a financial instrument to propel your growth trajectory.

Key Features to Avail of CGTMSE Loan in Nashik

CGTMSE scheme eligibility

Eligibility criteria of CGTMSE loan for businesses in Nashik include meeting specific requirements, such as:

The applicant must own an MSME business
The business must have been in operation for at least three years.
All manufacturing and service sector companies are eligible for this facility.

It is important to be aware that while the eligibility requirements for CGTMSE loans are usually consistent throughout India, there may be some regional or financial institution-specific variations.

Advantages of CGTMSE Loan Scheme

This scheme seeks to strengthen overall credit facilities
CGTMSE has a Hybrid Security product. This product offers credit facilities with no need for collateral.
Under this scheme, the government helps expand the credit facility up to 5 Cr.
The guarantee coverage will remain in effect throughout the loan credit.
CGTMSE offers term loans and working capital from one source.

Documents Required to Get CGTMSE Loan in Nashik

The documents required for CGTMSE loans vary from lender to lender. Also from case to case. However, in all scenarios, there is a standard set of documents. Those are as follows.

I. KYC Documents

A copy of PAN Card.
Proof of Address: (Passport Copy / Aadhaar Card / Electricity Bill / Registered Rent Agreement)
Statutory documents

1. Proprietary Firm

Shop Act
GST Registration Certificate
Udyog Aadhaar Memorandum
VAT Registration
GST certificate
other Registrations Applicable.

2. Private / Public Limited Company/One Person Company

MOA & AOA, Certificate of Incorporation
Certificate of commencement of business in case of a public limited company
GST Registration Certificate
Shop Act
Udyog Aadhaar Memorandum
VAT Registration
and other Registrations Applicable.

3. Partnership Firm

Registered Partnership Deed

4. In Case of LLP

LLP Agreement
Shop Act
Udyog Aadhaar Memorandum
GST Registration Certificate
VAT Registration and
Other Registrations Applicable.

II. Income Documents

Last 3 years Financials (IT Returns, Computation Sheet & Balance-sheet). Proof of turnover vide latest sales/service tax returns and Invoice / Purchase Order Copy (for the loan against receivables)
Last 1-year bank statement of all operative bank accounts.
Details of all existing loans: Sanction Letter and Loan Account Statement for the last 1 year.

III. Property Documents

Previous & current sales deed
Plant & machinery list
Plant & machinery current valuation report
Margin money
Property photographs
Previous property search & valuation report

How to apply for a Business Loan under CGTMSE in Nashik?

The loan application is submitted to banks, which are then eligible to provide loans under the CGTMSE scheme. Government and private banks are involved in the scheme, which is available even in rural areas. So, here are the steps in obtaining a business loan under the CGTMSE scheme:

1. Start Your Business

We cordially track the deadlines and make our quality tangible, while executing finance projects well ahead of time.

2. Prepare a Project Report

This is extremely crucial as the chances of your loan getting approved will significantly depend on this. You will have to provide a thorough business plan with all the required details.

3. Apply For Loan Sanction

Along with the project report, visit a reputed financial institution or bank to apply for your loan.

4. Get the CGTMSE Coverage

Once your loan is approved, the institution or bank will apply to the relevant CGTMSE scheme. After approval, you can get the loan by paying the required service charges and CGTMSE charges.

How do we Execute?

Here’s Terkar Capital’s execution process to get a CGTMSE loan for businesses in Nashik.

Get the CIBIL Score & the report for FREE.

What sets us apart?

1. Fast Turnaround Time

We cordially track the deadlines and make our quality tangible, while executing finance projects well ahead of time.

2. Confidentiality

Terkar Capital comply with the highest professional confidentiality standards. All client information is discussed in strict confidentiality.

3. Competitive ROI

We find you the right lenders with similar terms and the lowest rate of interest.

4. Hassle-free Processing

At Terkar Capital, We create a stable ownership structure for financiers by establishing a secure transaction process.

5. High Level of Integrity

We are building our reputation through reliability, integrity, and honesty. We connect to our clients on personal grounds that include transparency and liability.