Comments on: CGTMSE – Collateral Free Loan Scheme

By: vipul parmar

vipul parmar — Sat, 17 Mar 2012 09:05:10 +0000

Dear sir,
I taken term lone from bank of india. in CGTMSE. AND i want to apply for capatial central subcidey from centaral gov. will it possible or not pl reply.

By: dinabandhu das

dinabandhu das — Thu, 01 Mar 2012 09:56:43 +0000

jiske abhi lon hay unco cgtmse ke andar hoga nehi aisa bank ka kahana hay . kaya ai baat satya hay

By: Ritesh

Ritesh — Sat, 25 Feb 2012 11:42:06 +0000

Sir, I am holding dsa of a bank currently. My brother is working in a factory since 10 yrs as executive director sales. We are planning to start a component making unit. The cost of project is approx. 1.25 cr.
Is loan possible solely on me or need my brother.
Pls Advice.

By: vijayakumar ml

vijayakumar ml — Thu, 09 Feb 2012 14:01:49 +0000

we want loan for commercial vehicle & also goods vehicles for improvement of our tour &travels business

By: Kalpesh Shorff

Kalpesh Shorff — Wed, 18 Jan 2012 11:36:15 +0000

Dear Sir,

I want to start new Power Looms factory & need Rs.60 lac loan under CGTMSE scheme for purchase of property & Machinery shuld i get the loan ?

By: Babu Iyer

Babu Iyer — Mon, 05 Dec 2011 20:15:29 +0000

I read all queries here, I am also applying for cgtmse. First please understand that bank managers are the masters to say no first. We entrepreneurs taking risk by putting our life but bank managers are worried for their pension. We corporates need to pay 33% income tax of our net income, it means we have all the right to ask the money offered by government of india. Those who are applying please please dont ask casually, fill the application and give to bank manager and ask aknowledgement with date and seal. If you are feeling that he wont give acknowledgement send the applciation by registered post then neither he has to accept or reject within specified time. And if that is PSU bank later you can ask the status of application Under RTI act. Dont allow the managers to decide what our future

By: satyanarayana majji

satyanarayana majji — Sun, 04 Dec 2011 13:44:40 +0000

Dear Sir,
Your CGTMSE Service is very Excelently providing to the people who is looking For.
Like that to me Also provide me such schems ThanQ……………..

By: Vishwanath Margale

Vishwanath Margale — Fri, 25 Nov 2011 16:25:19 +0000

We are foundry people having good induction Furnace 500Kg set up in house facility for finish castings. we are with SBI Commercial Br, are facing financial crunch. Due to investment for the modernization of Furnace presently no working capital in hand and in Bank due to over drawings of 15 lacs bank is not helping as the Account renewal in s pending. We are loosing lot of good orders in hand due delay as financial matters. What could be the remedy to overcome this problem.

By: Prayank Raj Sinh

Prayank Raj Sinh — Sat, 19 Nov 2011 18:45:58 +0000

Dear Mr S. Gopalan,

My Query in regards to this context, That what if I require loan upto 5 core’s Is there is any scheme as CGTMSE or It can be covered under CGTMSE Scheme, One More Thing Is Central Govt going to Raise funding amount to the max. 2 Cr., Whats your take on this………..Again Your Article is Really helpful and I hope your advice also come handy to me.

Regards,

Prayank Raj Sinh

By: Srikanth Gopalan

Srikanth Gopalan — Fri, 18 Nov 2011 14:40:29 +0000

@Shabeer M I am afraid it is not practically possible

@Lakshmikanth – CGTMSE is predominantly Manufacturing Industry Driven since they expect real Business Assets as security

@rehan – Lot of factors such as end use of money future cash flow etc come in to play. On enhanced loan you may have to pay an interest and CGTMSE charges of Rs.4.50 lacs This means you should be in a position to establish Rs.8 lacs profit on paper before interest and depreciation. Do that and file an official application. Read this blog entry. It’ll answer your doubts http://smbenablers.com/blog/2011/09/12/how-can-you-get-a-loan-under-cgtmse-scheme/

@Deepak = we had a chat over phone Have we?