Purpose
- To provide hassle-free working capital (Cash Credit) to GST-registered business units.
- For business operations, repayment to sundry creditors, and liquidity support.
Eligibility
Who Can Apply :
- Individual
- Proprietary Concern
- Partnership Firm
- LLP
- Private/ Public Ltd. Company
- Society (engaged in commercial activity)
- Must be GST registered, having filed GSTR-3B for at least the last 6 months
Limit
- Minimum Limit: ₹10 lakh
- Maximum Limit: ₹2 crore
Security
Primary Security
Hypothecation of all current and non-current assets of the business (present & future).
Collateral Security
Depends on the borrower’s internal rating under the GST Bandhu Scheme.
Repayment
Repayable on demand, continuation subject to annual renewal
Rate of Interest
Under the AGVB GST Bandhu Scheme, Interest Rate shall be applicable based on the Rating.
Charges
