Lecture 96: What is CGTMSE Scheme for MSME's? How to take loan without security from banks?

[@ayushrathore1612]

Discussed only hybrid model?

[@AnkushJain]

I discussed overall policy... There 2 more videos on it

[@nikkhilsrivasstava]

Is it mandatory that collateral security in hybrid model will be immovable property or collateral can be in the name of FD or lic policy in the name of third party such as friend or relative of borrower

[@AnkushJain]

Yes it can be FD or lic as well unless and until your bank expressly states not to take them as security

[@nikkhilsrivasstava]

@@AnkushJain whether it can be fd or lic policy in the name of third party

[@AnkushJain]

Yes if your bank allows

[@highmauntains5411]

Sir what about cibil score how cibil is required

[@AnkushJain]

CIBIL score should ideally be above 700

[@madhuragrawal9398]

Sir is it the same NCGTC

[@AnkushJain]

No different

[@Sanatani_Pratik108]

Fertilizer or pesticides company ke liye milega kya

[@AnkushJain]

@@Sanatani_Pratik108 yes

[@Sanatani_Pratik108]

@AnkushJain aapne bola tha agriculture sector ko nhi milta isliye puch rha fertilizer or pesticides company agriculture me aata hai

[@AnkushJain]

@@Sanatani_Pratik108 ye direct agri nhi hai.. ye cover ho jayega

[@akankshamishra7319]

It is really helpful .

[@AnkushJain]

Thank you

[@Tinu6]

Can doctors avail loan under this ?

[@AnkushJain]

Yes

[@Tinu6]

@@AnkushJain thanks for the reply.

[@AnkushJain]

👍👍

[@AJ-ll9kz]

How to fund petrol pumps ?

[@AnkushJain]

👍

[@ravipaliwal7412]

What is the procedure of CGTMSE coverage in takeover case from other FI

[@AnkushJain]

kzbin.info/www/bejne/jHitXpyhoMajfsk

[@GAURAVKUMAR-yd9xr]

Guarantee fee once in five year pay krni h

[@GAURAVKUMAR-yd9xr]

Please clarify

[@AnkushJain]

Pl check this latest video

[@AnkushJain]

Every year

[@atharvgoyal2702]

Sir ye loan apply kese hoga online ka process btaiye?

[@AnkushJain]

Apply through banks

[@ustar6384]

No business activity since last month and no money to be received from debtors

[@AnkushJain]

Any possible way to revive business or accumulate money from personal source or family/friends to pay off some amount of debt? What is income source of family now if business is closed? I just want to understand the income vs. obligation to plan out actions

[@ustar6384]

@@AnkushJain no income source currently I was doing job but had to resign as my father fell I'll few months back have savings which can last 3-4 months have other unsecured loan of around 60 lakhs that almost most of the banks have waived off few are pending they have also agreed to settle at 70-80% no collateral is given in the cgtmse loan the business was a advertising agency of print media even there are creditors of 2crs pending including times of India of 1cr he has security cheuqes he has threatened us if u don't pay the fund he will arrest in section 138 and case of income tax under section 250 and gst notice of more than 2crs in case of input tax credit against the company request your solution should we go in nclt and file insolvency or let times of India go as he is the creditors who has more than 1 cr pls help just living on savings very difficult situation

[@ustar6384]

@@AnkushJain pls share ur mail ID will share all details

[@ustar6384]

@@AnkushJain no fund currently

[@AnkushJain]

@@ustar6384 bank se settlement ki hi baat krni hogi otherwise bcz guarantee di hui hai to personal assets bhi bank attach kr skta hai court se order le k

[@abhayshekhar92]

For a loan of say 1cr, cgtmse coverage is 75% i.e 75 lacs, what is charge on current asset is it 100% or 75%

[@AnkushJain]

100%

[@abhayshekhar92]

Sir are unsecured Bank Guarantees are also covered in CGTMSE, as you said in introduction that CGTMSE is covered for fund and no fund based credit

[@AnkushJain]

Yes bank guarantees can also be given under cgtmse

[@trushitkakrecha1472]

Can firm with AOP (Association of Person) constitution avail CGTMSE ?

[@AnkushJain]

AOP constitution not allowed even in collateral backed cases

[@trushitkakrecha1472]

How is fees charged for non-fund based (BG & LC) limit ?

[@gratitudechannel4059]

Useful video thaks sir

[@AnkushJain]

Your welcome

[@sivaganesh7382]

How to convice borrower to pay fees of CGTMSE or withaout his concern that fees is collected by bank ??? Please reply

[@AnkushJain]

Ismein convince krna hi nhi.. backfoot pe mat jao.. client ko bolo k aap collateral nhi de rahe ho to fir uska badle kuch to dena hi pdega

[@romilgupta6742]

Sir is there any difference between AGF and ASF ? and what is DAN in CGTMSE

[@AnkushJain]

Will check

[@arnabganguly5634]

Sir customer applied for 50 lakhs loan full coverage under cgtmse. Sir actually cgtmse will give till 37.5 lakhs.Remainning amount will be unsecured. Then why in proposal we write collateral security as No .

[@AnkushJain]

There is no property taken which is a term used for collateral..

[@AJ-ll9kz]

Facilty asessment ?

[@AnkushJain]

Facility assessment is same as we do normally for all other cases

[@vaibhavnolkha1194]

Is this scheme applicable for Micro or Small businesses that are Export oriented Units?

[@AnkushJain]

Yes applicable

[@ravipaliwal7412]

Is Third party guarantee (property owner)for complete santion/outstanding balance or restricted to unsecured portion??

[@AnkushJain]

For full exposure

[@arnabganguly5634]

Sir one big project of hospital wants to take loan of 5 crores. Can full amount be covered under cgtmse.

[@AnkushJain]

Yes if the bank internal policy allows for it

[@ronitakash1992]

Sir, Is it mandatory to obtain any collateral from gurantors to avail the CGTMSE coverage under Hybrid CGTMSE scheme. In other words, can a guarantor be included in the exposure without providing any collateral ? Regards

[@AnkushJain]

No we cannot include

[@ayushrathore1612]

Bina collateral nahi milta yeah loan

[@AnkushJain]

Mil jata hai.. collateral jruri nhi hai

[@ustar6384]

Hi in my case my father was the director he had taken cgtmse loan of 1cr against stock statement like debtors list now he died last month and my mother is the other dorector she has around 14% shareholding in the business and there is no colateral against the loan but my mother is a guarantee so how to make her safe and the house is on my mother name and mine her is 90% ownership pls help ASAP

[@AnkushJain]

@@ustar6384 the business is closed?

[@harendranathagrofarm9025]

Sir , I am a small farmer, I am trying to establish a nursery.I have applied for a loan(3 lakh) to AIF portal. From AIF verified my project. Now respective bank said me u have to give colleteral security because in Nursery project CGTMSE not covered. Please help me sir, is it right?

[@AnkushJain]

Nursery project if approved by AIF are covered under CGTMSE automatically. Your bank is wrong

[@prashunjha8918]

Thank you so much sir for this video

[@AnkushJain]

Your welcome

[@tajrubekaradmi]

Hi Sir, Mai Tailor hu Hyderabad se aor Mujhe Aap se Ye Puchna hai ke Kya Aap Mujhe Rs 5-10 Lakh Tak ka Loan, Grant, Seed Fund ya Investment Dila sakte ho Garment Manufacturing Unit Start Karne ke liye?

[@AnkushJain]

Hi. Maaf kijiyega par main sirf teach krta hu and side by side apni job krta hu. Iske ilawa koi aur service nhi deta. Aap apne local level k CA se mil lijiye for finance support

[@tajrubekaradmi]

@@AnkushJain Okay, Lekin Mere Paas Sirf Experience hai Na ki Paisa, to Kya Phir bhi Mera Kaam Ban sakta hai?

[@DeepakKumar-xz6gc]

Sir cgtmse fees every year nhi pay karni padti kya ?

[@AnkushJain]

Have explained in the video

[@AnkushJain]

Every year pay krni hoti hai

[@arnabganguly5634]

Sir if loan amount is 5 crores and full coverage of cgtmse is given then 3.75 max can be recovered from cgtmse while bank risk is 1.25 lakh. Please correct me sir if i am wrong. In that case what bank can do

[@AnkushJain]

Yes correct.. bank will file court case and court will liquidate personal assets of client

[@arnabganguly5634]

​@@AnkushJainSir the personal assets have not been mortgaged to bank in that case also can the bank file court case?

[@yuvrajshisode2729]

Please share a link if there is any video on Debtors ageing Analysis

[@AnkushJain]

Please check stock statement analysis video kzbin.info/www/bejne/a6KvaGx_gJ51nZo

[@ca_ayush_mittal]

One video on ECLGS

[@AnkushJain]

Will look into it

[@abhayshekhar92]

Sir if CGTMSE has first charge over the current assets then why bank go for CERSAI Does CERSAI even valid…..??

[@AnkushJain]

Collection responsibility is of the bank only.

[@rushikeshkangle5880]

Sir I have a query regarding consortium advances How can lead bank do the accounting of against sub member bank under consortium advance....

[@AnkushJain]

Can you elaborate the question

[@rushikeshkangle5880]

@@AnkushJain Suppose xyz & ABC bank decided to lend money of rs. 10 crore to x person against his 3 different firms. Share of xyz bank is 7 crore & 3 crore lending by ABC crore as sub member bank Xyz is lead bank in this scenario ....so how XYZ bank will accounted when the e carores received from sub member bank??

[@rushikeshkangle5880]

@@AnkushJain what will be the exact accounting entry in the books of account of XYZ bank & ABC bank against this consortium advance

[@AnkushJain]

@@rushikeshkangle5880 this arrangement will be under pari passu between these banks. Any proceeds recovered from sales of collateral or assets shall be divided between these banks in ratio of their exposure

[@rushikeshkangle5880]

@@AnkushJain actually I knew these procedure but I am confusing about accounting treatment by the lead bank.... Where they can debit or credit against member bank

[@shubhamrau]

Hello sir....exams ki tyari kr rha u....mera koi business background nahi hai....muze excavator lena hai kya muze loan mil sakta hai ????? Mere pass security only cash 10lkh....

[@AnkushJain]

No business background jruri hai

[@smg1913]

CGTMSE loan recover karta hai ya nahi

[@AnkushJain]

Loan recovery bank hi krta hai hamesha

[@raj0936]

0.75 1.10 of which amount...and requesting you to cover one video on pmegp in detail each key point and with all update till now

[@AnkushJain]

First point main samjha nhi... PMEGP ki video already bnai Hui hai

[@raj0936]

@@AnkushJain is that pmegp video updated one and ping me that video sir

[@AnkushJain]

kzbin.info/www/bejne/mHuqpZp4mt6jfcUsi=tN8_9iu-Oz33Msdx

[@gunjanchopra1423]

Sir, isn’t CGTMSE guarantee for trader is 50%?

[@AnkushJain]

No with latest notifications, all retail traders are brought at par with other profiles. Now fresh sanctions can be done normally for them

[@er.ankitrathi9653]

Sir kindly one video on cersai..

[@AnkushJain]

Ok

[@shubhambijalwan1802]

If someone working in his parent company and after some time that person open a new firm with same nature of business.. But credit reject that case due to low vintage... What should I do??

[@AnkushJain]

Take corporate guarantee of parent company

[@shubhambijalwan1802]

@@AnkushJain issue is after a time he merge his parent company in his new firm.

[@AnkushJain]

No issue. We need to be confirmed that he had experience in this line previously and he was doing that satisfactorily

[@shubhambijalwan1802]

@@AnkushJain yess i give same solution to credit that he is doing same work from last 8 years in his parent company...... Thanku sir 🎉🎊

[@AnkushJain]

😊👍

[@TheYuvi-p2m]

Sir Ye CAM VS CMA in dono topics pr apne video bnai hai ...CMA WALI MIL GYI BUY CAM WALI NHI MILI..????

[@AnkushJain]

CAM pe nahi bnai abhi.. future mein bnauga

[@TheYuvi-p2m]

sir plz bna do...apse hi seekhna hai woh ...bhot ache se cover krte ho aap topic 🙏

[@AnkushJain]

I will make it but I already have some topics in hand therefore that video shall not come in 2 months atleast

[@saikumar9738]

Sir if the loan account is regular will the borrower get any refund of CGTMSE fees paid by them?

[@AnkushJain]

There is no provision found for refund of fee as of now

[@manalisheth6067]

Hi, how the recovery is done in case of default, when CGTMSE is given. Is there any cap by the govt that they will pay only some portion of the loan. (Anything based on the premium paid by the Bank)

[@AnkushJain]

Watch this video starting from 36:00 minute to till end. Have covered this

[@trushitkakrecha1472]

What aspects doest the CGTMSE looks into before providing guarantee : A small unit is not having new work orders since 2 years (also no turnover), but is looking for funding to Bid for Projects and to avail performance guarantee if new work orders are obtained. Possible ?

[@AnkushJain]

Cgtmse trusts banks judgement only for giving guarantee

[@ashishijardar1334]

Sir , please make one lecture on pledge

[@AnkushJain]

Yeah Ashish. I will do it but presently already having some running topics in hand to complete first

[@trushitkakrecha1472]

Is it possible to get CGTMSE sanction for say 5 crore and disbursement of only 50 lacs, so in future if a work order is obtained further disbursement can be done without any hassle, also the contractor can be sure of having limits sanctioned

[@AnkushJain]

Yes, fee to be paid for 5 crores

[@yuvrajshisode2729]

Sir Guidance requested- Agar Bad Debtors hoge kisi balance sheet me to wo capital se minus hoge ya Profit se

[@AnkushJain]

Deduct from capital

[@yuvrajshisode2729]

Thank you sir

[@AnkushJain]

👍

[@mohiuddinsiddiqui3105]

Watch full video and believe me sir you're way of teaching levels is uncompetable. I'm sure in very short time you will become one point training center for banking credit profile. Keep going sir

[@AnkushJain]

Thank you 😊

[@thenewbanker972]

Sir plz make vedio on repo rate bank rate and other how it will affect the rate of interest

[@AnkushJain]

kzbin.info/www/bejne/hX62Y5KHqphkpK8

[@SaurabhTiwari-gu2pw]

Sir I am selected Branch MT officer so please Credit manager ka kaam kya kya hota hai aur sanction kaise aur kya hota hai i request you plz is topic par vedio banaiye plz 🙏🙏sir

[@AnkushJain]

Please start watching from lecture no. 1, you will understand it all

[@fazalshaik7551]

There are 90 lectures on this topic. Go to playlist.

[@OmkarSingh-ql2ug]

Plz create a video on (CGSS) Credit Gaurantee Scheme for Startups as well

[@AnkushJain]

Ok noted 👍

[@shubhambijalwan1802]

Hi sir i have been waiting for this?? Bcz credit make many rejection on this facility.. Thanku for sharing

[@AnkushJain]

👍

[@Vijendrabhau]

Sir Basis of these video , I have attended interview in Poonawala housing finance and waiting for result. Interview went very smoot Now week point only Past experience. Ab aage kya hota hai dekhta hu sir. Still watching video and complete all left video and practice CMA . Kindly advice more What I to do. I am MBA Finance Candidate from Tier-3 Category College's.

[@AnkushJain]

Nothing more, just keep working hard and rest you will gain with experience. Always keep inquisitive mind while doing job 👍

[@bbcmedia2023]

bas kehne ki baat hai koi bhi bank without colletral is scheme me bhi loan nhi deti m bahut try kiya hu

[@AnkushJain]

Banks restrictive hain ismein kaafi. Koi deviations ya call lene se bachte hain..

[@trushitkakrecha1472]

1. Can CGTMSE guaranteed non fund limits be sanctioned without Corporate Guarantee/Personal Guarantee of Members/partners 2. Do banks generally do these ?

[@AnkushJain]

No personal guarantee of proprietor/partner/director/karta is required

[@AnkushJain]

No personal guarantee of proprietor/partner/director/karta is required

[@trushitkakrecha1472]

Ah, sorry sir it got little confusing Is it required or NOT required

[@AnkushJain]

Required

[@pinkumittal]

gud afternoon sir .sir I have different queries related to CREDIT MANAGER . Can you please share your contact details .

[@AnkushJain]

Pl share your queries here. I have limited availability over phone