Lecture 99: New CGTMSE Scheme 2023: Impact on Small Businesses | Key Updates

[@razdansushant]

Good evening Sir, Please guide the relevance of Projected balance sheets while processing a case.

[@AnkushJain]

Sometimes when the borrower business has undergone change in current year i.e. high sales, new product, high capex then assessment basis last financials may not meet the requirements of the borrower thus we prepare projected financials to assess the loan requirements accordingly

[@razdansushant]

OK sir.Thank you. I think I got the point I was looking for .

[@AnkushJain]

👍

[@varunparakh741]

Thanks sir

[@AnkushJain]

Your welcome

[@PradeepSharma-dp3ph]

Excellent Vedio😊👍👍

[@AnkushJain]

Thank you

[@Tinu6]

Trading as in stock market trading ?

[@AnkushJain]

No, goods trading

[@razdansushant]

Please guide if a client is already running a cash credit facility with other bank. Then will his MIB will be calculated after deducting cc limit with other bank?

[@AnkushJain]

If this is a case, just calculate total limit eligibility of the borrower and from that deduct the limit already availed from other bank. Rest will be eligibility for your cc limit

[@razdansushant]

@@AnkushJain OK sir

[@AnkushJain]

👍👍

[@vikrantsalvevs]

Great work sir

[@AnkushJain]

Thank you

[@arnabganguly5634]

Sir for that 50 lakhs which is unsecured can nank take possession of the personal property of the borrower even if the property is not mortgaged?

[@AnkushJain]

Yes if the court orders it

[@arnabganguly5634]

@AnkushJain sir if the court doesn't then that portion is loss to bank?

[@razdansushant]

Good morning. Can a customer do a transaction of a commercial vehicle loan from a cash credit account.

[@AnkushJain]

No he should not.. cash credit is a short term limit and it should not be used for long term investment purpose

[@razdansushant]

Thank you.

[@AnkushJain]

Your welcome

[@razdansushant]

Good afternoon sir. Please guide can we process a case under ODAP if the facility is not eligible under CASH Credit FACILITY under cgrmse?

[@AnkushJain]

Property would be required

[@razdansushant]

Sir, what if the sales has reduced by half in comparison to last year.

[@razdansushant]

Good Afternoon Sir Please advise if an unsecured loan is given by the brother of the proprietor and the same is mentioned as the name of the firm in Provisional Balance Sheet.Is that accepted as a part of capital?

[@AnkushJain]

We usually don't. However it is internal call. You need to check the financial of brother firm and ensure that these funds invested by him are not borrowered from any bank

[@razdansushant]

Thank you

[@AnkushJain]

👍

[@razdansushant]

What if the customer has already availed a cash credit facility with other bank(takeover case) and now is giving Projected Financials instead of Provisional P/L and Balance Sheet

[@AnkushJain]

Answer is same.. our due diligence shall remain the same

[@VIVEKGUPTA-wm2mr]

Sir,as a banker if we missed to recover cgtmse charges,then what to do

[@AnkushJain]

Bhai abhi krlo and guarantee file krdo

[@rajeevgarg91]

Very clear and good information 👌

[@AnkushJain]

Thank you

[@zuzukidsworld]

Thanku so much....I'm looking for this video

[@AnkushJain]

Your welcome

[@swarajmohanty24]

existing account same terms review me kya ye revised rates applicable hai?

[@AnkushJain]

Not for existing accounts.

[@RajanKumar-gh2qx]

Was really helpful..all the hard work to collect and presenting a highlight cum gist of the update deserves a bow....heartfelt gratitude sir.

[@AnkushJain]

Thank you

[@manishchandak7]

@@AnkushJain Hi.. Please create some videos for cases closure where many fresh RMs has issues for discussion with credit. So sample cases can be taken for example... How cases can be closed

[@AnkushJain]

Could not get how can I present it in video since every case is different

[@manishchandak7]

@@AnkushJain Sample Industry wise Cases...

[@manishchandak7]

@@AnkushJain You are doing fantastic Job. Really Appreciate you.

[@Rcr.offline]

Sir loan msme mai hai. Kya msme loan cgtmse mai add hosakta hai?

[@AnkushJain]

Yes but applicable only for micro and small enterprises and not for medium enterprises

[@ribiangkharpran]

My loan was sanctioned in the month of January 2023. Since then I pay my EMI regularly. But now my EMI is overdue by 2 months now. That means I have paid only around 5% of the loan amount, and it's been only 8 months since the loan was sanctioned. Can I claim the coverage now? When can I claim the coverage?

[@AnkushJain]

No, since loan is not served timely, banks will not sanction CGTMSE

[@ribiangkharpran]

@@AnkushJain So after how many months of overdue or default can we claim the scheme? And how many months after the loan was sanctioned?

[@ribiangkharpran]

Can you please give me your email or WhatsApp number? I have a few more questions regarding this, if you don't mind.

[@AnkushJain]

You need to have clean track for atleast a year

[@AJ-ll9kz]

Agri manufacturers eligible ?

[@AnkushJain]

Agri profiles are not eligible for CGTMSE

[@AJ-ll9kz]

@@AnkushJain besan manufacturer / repacking of pulses is elgible ?

[@rahulkapahi7768]

Hi Sir, I have doubt on one query.... Agar kisi proprietor ki balance sheet mai Fixed Assets k head mai Land and Gold hai can we minus this in NWC

[@AnkushJain]

Yes it is your call

[@rahulkapahi7768]

But if the use of the land is for business purpose then how can we manage this transaction.

[@AnkushJain]

If it is for business then treat it as normal fixed asset

[@TheSuresh2022]

Can we fund packaging credit facility under CGTMSE??

[@AnkushJain]

Yes

[@rahulwagh6070]

Sir, prior to revised scheme - what was coverage amount for trader profile ? 1 cr or 2 cr ?

[@AnkushJain]

Earlier 1 cr then revised in dec 2022 to 2 cr and now it is 5 cr

[@rahulwagh6070]

@@AnkushJain ok thanks sir

[@AnkushJain]

👍👍

[@vibhorsingh5946]

CGTSME Coverage ki fee one time dani hogi ya per year sir

[@AnkushJain]

Per year

[@vibhorsingh5946]

@@AnkushJain thanks sir

[@AnkushJain]

👍👍

[@pankajchouhan2781]

Sir money received from cgtmse claim but when after recovering amount from npa customer accounts by bank within how many days bank will refund that money back to cgtmse.

[@AnkushJain]

Will confirm the timeline for this. Not able to recall this

[@pankajchouhan2781]

@@AnkushJain ok sir

[@trushitkakrecha1472]

Can the Loan Amount be further appraised ?

[@AnkushJain]

Meaning?

[@trushitkakrecha1472]

@@AnkushJain suppose I avail a Sanction for Rs. 1 Crore now and again after say 2-3 Years, i want to get more 2 crore under the scheme, can I get it?

[@AnkushJain]

If at the time of sanction, maximum CGTMSE cover available was 2 crores then you can get 1 crores additional

[@trushitkakrecha1472]

An what if is after 1st April,2023, can I get enhancement of 2 crore later ?

[@AnkushJain]

Presently under the scheme it is written that all existing CGTMSE borrower except trader can only get cover upto 2 crores. While existing traders can get enhancement upto 5 crore. But this provision does not seem right to me and I am waiting for any further clarification on this

[@amitkumar-we2vk]

Sir main ruk ruk k bolta hoon to main CPA job k interview k liye jaa sakta hoon kya?

[@AnkushJain]

Yes why not

[@amitkumar-we2vk]

@@AnkushJain sir mujhe dar lag raha bhut Jayda

[@AnkushJain]

Darna kya hai. Ye nhi hua to kuch aur kaam kr lenge.. kaam to krege hi

[@amitkumar-we2vk]

@@AnkushJain haaa sir ye baat to hai

[@AnkushJain]

👍👍

[@ankitpal_in]

Sir for hybrid CGTMSE structure fee will be applicable on CGTMSE guarantee amount only or for whole loan amount?

[@AnkushJain]

Guarantee amount

[@varshamotwani1896]

Could you please refer your session or video no. if you have made specifically on industrial analysis

[@AnkushJain]

I have not made any specific video on industry analysis as of yet

[@siddharthabarua7153]

Sir thank you very much for keeping us updated about the latest developments in msme schemes

[@AnkushJain]

🙏🙏

[@subhadipdas44]

PMEGP k baare mei ek detail video with latest information laiye.

[@AnkushJain]

Ok

[@manalisheth6067]

Hi, Three firms have started 3 different firms (having partners as there family members). Now these 3 firms have come for CGTMSE loan and additional CC limit. They have offered common collateral for all the 3 entities. My question is 1) Can we give 5 cr to each firm. 2) How to calculate the collateral cover

[@manalisheth6067]

Three frienda have started* None of the partner is common

[@AnkushJain]

Hi, as per my view as pan number of all three are different therefore each one is eligible for separate cgtmse cover of 5 crores. Further for collaterals, according to me there can not be cross coll. Of properties in CGTMSE since there is no option of linking the group proposals at cgtmse portal. Collaterals have to be mortgaged in one proposal only

[@manalisheth6067]

Thanks Ankush

[@AnkushJain]

👍👍

[@piyushkumar4857]

Sir, I am doing one case, where the existing CC limit exposure of Rs. 2cr is already taken under CGTMSE Program. Now the business team has proposed for enhancement up to Rs. 5cr under new CGTMSE guidelines, and as per URC borrower's major activity is into services. So my doubt is whether we can give enhancement to the services profile borrower or not, and if we cannot give then can you suggest any reference document from NCGTC circular or any other reference document because as my bank's internal CGTMSE program circular "In new guarantee cover enhancement in WC applicable for all existing covered accounts." Request you to share your thoughts on my doubt.

[@AnkushJain]

Service industry is also covered

[@MONUKUMAR-xu7xg]

​@@AnkushJainOkay but in vedio it is mentioned that Enhancement upto 5 Crore can be given only to Traders Profile .

[@AnkushJain]

We have received clarification in our bank that it can be done

[@MONUKUMAR-xu7xg]

@@AnkushJain so only Manufacturers are not allowed basically

[@AnkushJain]

No as per the internal communication, everyone is allowed. However I will cross check once on cgtmse portal

[@pukhraj8532]

Hi sir I am a new entrepreneur Mujhr new petrol pump.establish krna hai kya cgtmse m loam l sakta Hu 100% vible Project hai plz help

[@AnkushJain]

Normally banks do not fund CGTMSE on new project

[@calm247.]

I have a proposal for funding a good transport agency under cgtmse, is this segment covered under cgtmse?

[@AnkushJain]

Yeah

[@rajabconstructionco.9973]

Very good information helpful and great advice excellent explanation amazing knowledge opportunity business lessons sir useful valuable video thanks you God bless you always sir respected Mr ca ankush join sir jai hind 🙏🇮🇳🇮🇳🙏

[@AnkushJain]

Thank you

[@rajabconstructionco.9973]

@CA Ankush Jain thanks you God bless you sir 🙏🙏🇮🇳

[@AnkushJain]

👍👍

[@kingshuksamaddar4402]

Sounds good but most of the banker either have no knowledge about it or does not pay heed to it.Government declares in one way and officials pay heed to it and work in another way.

[@AnkushJain]

Yeah

[@NaveenKumar-qd3zx]

Sir your knowledge is incredible but Mike quality is very poor. So request you please use good quality Mike . Soamy time I left video due to poor voice quality.

[@AnkushJain]

But i have recorded this video in the mic itself. What issue you face exactly, i mean lower voice or other sounds appearing in video?

[@manishact]

Thanks Sirji

[@AnkushJain]

Your welcome