SIB GST Business loan is designed to ensure a hassle free flow of finance to the MSME sector based on the annual turnover as per GSTR statement.

Scheme Details
Target Group
Sole banking enterprises including MSMEs and Agro processing units having at least 3 year’s existence in business and with last 12 months GSTR statements.
Office residency/Stability
Should have occupied 12 months at current office. Not applicable if shifted to own office.  
Quantum Of Finance
Minimum: Rs. 5.00 Lacs and Maximum: Rs. 200.00 Lacs*
*separate conditions apply for loans above Rs.100.00 Lacs and up to Rs.200.00 Lacs
Purpose & Variant
Working Capital (Cash Credit)
Primary Security: Hypothecation of Stock/Book debts.
Collateral security:
Property Ownership:
Should be at least equal to the loan amount
Third party properties are not acceptable under the scheme.
Rate Of Interest
Processing fee
1% of loan amount
 25% of sales turnover as per GST Return statement as the working capital finance.
Bureau Check
Satisfactory Commercial Bureau report
Essential Documents to be collected for processing
  1. Application in bank's format 
  2. Individual net-worth statements
  3. GSTR statement for last 12 months.
  4. Copy of pass book/pass sheet for one year for take over accounts.
  5. All required license from local bodies to conduct business.
  6. Sole proprietorship declaration/ copy of partnership deed/articles of association, incorporation, company's resolution toavail facilities from our bank etc.
  7. Document for MSME Classification
  8. Copies of original title deeds, EC, tax paid receipt etc.
  9. Any other relevant documents that may be needed tosubstantiate the credit needs of the borrower.
Minimum Bureau Score 730 and 0/-1 without credit history for applicant