||Bank of Maharashtra
||Mahabank GST credit Scheme
||To fund need based working capital requirement for Trading / Services / Manufacturing activity
- 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.
- The facility under the scheme is available only under Sole Banking.
|Rate of Interest & Repayment
||Interest Rate: 8.4% onwards
|Composite /loan Limit
||Minimum Rs.10 Lakhs Maximum Rs.300 Lakhs
||25% of paid stock & receivables