Telangana Grameena Bank MSE Loans

Telangana Grameena Bank is one of the largest gramin banks in India headquartered at Hyderabad, Telangana which offers various banking services like providing loans, accepting deposits, offering locker facility and digital banking services. has a vast network of 427 branches and 690 Customer Service Points spead across rural and semi-urban areas of Telangana.

Telangana Grameena Bank provides different kinds of loans to its customers as per their need, such as Home Loan, Education Loan, Gold Loan, Vehicle Loan, Agriculture Loan, MSE Loan, etc. The customers can apply for any kind of loan as per their objective and eligibility criteria.

Telangana Grameena Bank MSE Loans

Telangana Grameena Bank offers following 3 types of MSE loans to its customers,

(1) Telangana Grameena Bank Business Loan

Business loan is very important and vital for the persons looking to kickstart their businesses or thinking of business expansion. Telangana Grameena Bank MSE business loan is a comprehensive product which offers instant funds to help businesses grow. The customers can apply for TGB Business Loan at Telangana Gramin Bank and get quick approval. TGB offers special attractive features for bank loan packages.

Who Can Apply for Telangana Grameena Bank Business Loan?

• Retail trade and whole sale trade
• Manufacturing and processing units
• Services sector
• Professionals and Self Employed (Working capital or finance for equipment or both)

Interest Rate

TGB business loan interest rate is very competent and affordable for the business houses. The details of the same is as follows,

Types of Loans

1. Cash Credit: TGB Cash Credit is a short term loan for an entity so that it can meet its working capital requirements.
2. Drop-line OD: TGB where Drop-line OD is an over draft facility where the customers have the facility to overdraw from their current account up to a certain pre-defined limit that is agreed upon by the banker. It is repayable on demand. Renewal and Annual Review as per internal guidelines of the Telangana Grameena Bank.
3. Term loan: TGB TL is given for a fixed tenure and needs to be repaid in regular instalments by the borrower. It is a popular and a common way for small and medium business enterprises to get funding for a specific time period.

Loan Amount

Documents Required

• KYC documents: Identity proof and address proof of the borrower and all co-borrowers
• PAN Card of borrower and all co-borrowers
• Last 6 months bank statement of main operative business account
• Signed copy of standard terms & conditions
• Additional document(s) as required for credit assessment and processing of loan request by the bank
• GST Registration, if available

(2) Telangana Grameena Bank Small Scale Industries Loan

Small Scale Industries is the largest contributor to the total Gross Domestic Product (GDP) of India which contributes around 40% of India's GDP. Therefore, not only the government but banks also provide easy availability of quick credit to the small scale industries (SSI) at competitive interest rate. Small Scale Industries Loan from Telangana Grameena Bank is an offering that can be used to meet the need for external financing by the small scale industies.

Documents Required

• KYC documents: Identity proof and address proof of the borrower
• Proof of business ownership
• SSI registration
• Other financial documents for credit assessment and processing of loan request by the bank
• GST Registration, if available
• Last 6 months bank statement of main operative business account

Interest Rate

TGB Small Scale Industries Loan interest rate is very attractive and affordable for the industry houses. The details of the same is as follows,

(3) TGB Loan under Pradhan Mantri Mudra Yojana

The main purpose of Pradhan Mantri Mudra Yojana is to extend credits to those business activities which create employment in the areas of services, manufacturing, retail and agriculture. The loans under the Mudra Yojana is extended by Telangana Grameena Bank also.

Features

• This loan is offered to the income generating micro enterprises engaged in manufacturing, trading and services sectors
• No collateral is required to avail the Mudra loan.
• 3 types of loans are offered under Mudra Yojana for different stages of the business, as below,
  1. Shishu: Loans: Up to Rs.50,000
  2. Kishor: Loans: From Rs.50,000 and up to Rs.5 lakhs
  3. Tarun: Loans: From Rs.5 lakhs and up to Rs.10 lakhs

Who Can Apply?

Non Corporate Small Business Units operating in rural, semi urban and urban areas can apply for the loan under Pradhan Mantri Mudra Yojana. These include the following,

• Shopkeepers
• Fruits vendors
• Vegetable vendors
• Truck operators
• Food Service units
• Repair shops
• Machine operators
• Small industries
• Artisans
• Food processors
• Small manufacturing units
• Service sector units

Eligibility Criteria

Eligible borrowers consist of,

• Individuals
• Proprietary concern
• Partnership Firm
• Private Ltd. Company
• Public Company
• Any other legal forms

Interest Rate

TGB Small Scale Industries Loan interest rate is very reasonable and affordable for the business units. The details of the same is as follows,

How to Apply for Telangana Grameena Bank MSE Loans?

Outlined below is the step-by-step process of applying for Telangana Grameena Bank MSE Loans,

• Step-1: In order to apply for the Telangana Grameena Bank MSE Loans, you first need to download the Application Form.
• Step-2: You are required to select the category of MSE Loans from Business Loan, Small Scale Industries Loan and Loan under Pradhan Mantri Mudra Yojana.
• Step-3: Check out your eligibility for the said loan.
• Step-4: Fill out the Application Form completely.
• Step-5: Attach the required documents.
• Step-6: Visit any of the Telangana Grameena Bank branches along with the Application Form and required documents for applying for the loan.
• Step-7: The banker will check your application and if satisfied, it will process your application and you will get the loan.