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CGTMSE

Features & Benefits

  • Avail loan amount starting from ₹5 Lakhs up to ₹1000 Lakhs
  • Get facility renewal at the end of 12 months from the date of availing the same 

Benefits of CGTMSE?

No need for collateral security:

Providing collateral can be difficult for small businesses, as most of them have limited or no assets. To help them, loans availed under the CGTMSE Scheme from Axis Bank are collateral-free. Customers also have an option to apply for Hybrid facilities for a higher loan amount.

Nominal guarantee fee:

Loans taken under the CGTMSE Scheme charge an annual guarantee fee (AGF). A nominal fee is applicable on AGF for small ticket loans of up to ₹10 Lakhs.. The highest AGF is for loans between ₹2-5 crores, charged at 1.35% of the loan amount, which may vary from time to time.

Easy Access to Credit:

You can easily reach out to your nearest Axis Bank branch or website. The CGTMSE Scheme guidelines and instructions are easy for MSE customers to understand, followed by a hassle-free loan application process.

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Commercials

Loan Processing Charges Up to 1.25% + applicable taxes
Part Pre-payment ChargesNA
Foreclosure Charges2.00% of the sanction limit.
Penal Interest2.00% p.a. additional on the existing rate of interest.
Repayment Instruction/Instrument Return Charges₹500/- per instance + taxes applicable.
Eligibility Documentation

Eligibility

Business vintage

  • 3 years in current profession

Age

  • Minimum 21 years at the time of loan application.
  • Maximum 70 years at the end of the loan tenure.

Income norms

  • For individual - ITR income of ₹3,00,001 for the latest year and ₹25,00,000 for the previous year
  • Proprietorship concerns - ITR income of ₹2,50,000 for the last 2 years
  • Partnership firm/LLP/company - Cash profit of ₹300,00 for the last 2 years

Residence/office stability 

  • Borrower should own either the office or residential property 
  • Minimum 12 months of residence stability 
  • Minimum 24 months of office stability

Documentation

  • KYC 
  • Duly filled in application form signed by the customer 
  • Relevant financial documents 
  • Bank account statement from the last 6 months 
  • PAN Card/Form 60 
  • Business Proof 
  • Last 12 months’ GST returns 
  • UDHYAM

Frequently Asked Questions



  • An individual with a business registration 
  • An MSE unit - can be a proprietary firm, partnership, LLP, private company, or public limited company.
  • The borrower must not be a defaulter with any bank or financial institution
  • Agriculture, self-help groups, etc., are excluded

The criteria for Micro & Small Enterprises are separately mentioned in the MSMED Act, 2006. The eligibility is based on the investment made in equipment, plant and machinery as well as the turnover of the entity.


  • Cash Credit with CGTMSE
  • Overdraft with CGTMSE
  • Drop-line Overdraft with CGTMSE
  • Machinery Term Loan with CGTMSE

Yes, the guarantee cover available will be restricted to a credit of ₹10 crores, even though the credit extended is more than ₹10 crores to an eligible borrower.

Normal/Suvidha/Hybrid/Hybrid with FD or liquid collaterals, the login fee is 2500 + taxes.

FD in the name of a family member can be taken as security, subject to the FD holder coming as a guarantor in the loan structure.


  • Working Capital Facilities are given for 12 months with annual renewal.
  • The loan tenure can be up to 5 years or more.

If the borrower defaults, CGTMSE will cover a percentage of the outstanding amount (usually 75%–85%) as per the scheme’s guidelines.

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