Is State Bank Of Patiala Provide Loans under CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) Scheme, if yes then will you plz let me know about this scheme shortly ??

[prince karak]

State Bank of Patiala, founded in 1917, was an associate bank of the State Bank Group. At the time of its merger, State Bank of Patiala had a network of 1445 service outlets, including 1314 branches,

Yes State Bank Of Patiala Provide Loans under CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) Scheme which launched by govt for small scale industry sectors to provide collateral free loans. Under this scheme, an entrepreneur can apply for the loan from the bank without any collateral deposit. And we all understand the importance of the funding assistance in starting a project.

CGTMSE Scheme Salient Features

# Micro & Small Enterprises as per MSMED Act eligible.

# Credit guarantee for MSE loans up to 1 crore, without collateral and third party guarantee.

# Both Manufacturing and Service sectors covered.

# Credit for retail trade, educational/training institutions, and SHGs are not eligible for coverage.

# All fund / non-fund based facility covered.

# Maximum Guarantee Cover of up to 85% of credit facility covered under CGS.

# Guarantee coverage is 50% for credit facility covered under CGS above 50 lakh.

Bank profile:

Type Public

Traded as BSE: 501061

NSE: SBP

Industry Banking

Insurance

Capital Markets and allied industries

Founded Patiala, 1917

Headquarters Head Office,

The Mall,

Patiala 147 002 India

Key people Sh. Rajnish kumar (Chairman), Shri. S. A. Ramesh Rangan(Managing Director)

Products Loans, Savings, Investment vehicles, etc.

Revenue 173,000 crore (US$27 billion) (2013)

Net income 11,358.06 crore (US$1.8 billion) (2013)

Total assets 116,709.10 crore (US$18 billion) (2013)

Total equity 203,417.50 crore (US$32 billion) (2013)

Parent State Bank of India