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Mail Us:pgb@pgb.bank.in         IFSC Code : PUNB0PGB003

PGB MSME PLUS SCHEME

1. ELIGIBILITY Individuals/ Proprietorship/ Partnership/ Limited Liability Partnership (LLP)/ Pvt. Ltd. Co./ Public Ltd. Co/ Trust/ Societies & Co-operative Societies (registered and incorporated under applicable law) & any other legal entity having GST Registration No. (wherever applicable) & valid Udyam Registration.
2. PURPOSE Facility under the scheme shall be provided for the following purposes for genuine business needs, not prohibited by applicable law:

  1. To meet the Working Capital requirement.
  2. Term Loan for the following purposes:

    • Purchase/ Construction/ Renovation of Business Premises, Offices/ Shop/ Godown etc
    • Purchase of New Plant & Machinery/ Equipment/ Vehicles etc for business activities (2nd hand not allowed).
    • Any other purpose whereby asset is created out of Bank’s finance for the purpose of running the business.

  3. Non-Fund based limit (Bank Guarantee)
3. EXTENT OF LIMIT/ LOAN Need Based Credit Facility with a minimum loan amount of ABOVE 10.00 LAKH.
4. SECURITY
  • Primary – Hypothecation of Assets i.e. Stock, Book Debts, P&M, Equipment, Vehicles etc. created out of bank finance (Present and Future).
  • Mortgage of Project Land with existing/future construction thereon.
  • Collateral – Advance shall be covered by collaterals in the form of Immovable property (IP) & Bank’s approved liquid security.
  • Coverage under CGTMSE also available.
5. MARGIN 15-25%
6. RATE OF INTEREST* Starting from 8.00% p.a. (linked to Repo Rate, subject to change from time to time)

*Subject to change from time to time

For more information or any query related to the scheme, kindly visit your nearest PGB branch.