IND DIGI MSME
An online Indian Bank working capital loan for established MSMEs, where the bank checks your GST, tax returns and bank statements digitally and gives an in-principle sanction quickly.
Last updated on
- Status
- Open
- Run by
- Indian Bank
What you get
- Working capital from above ₹10 lakh up to ₹5 crore, or up to ₹20 lakh if you file tax returns under the presumptive scheme
- Open to new and existing Indian Bank customers
- No collateral for micro and small units covered under CGTMSE, with the guarantee fee paid by the borrower
- Instant in-principle sanction after digital checks of PAN, GST, Udyam, tax returns and bank statements
- Margin of 20% on stock and book debts
Who can apply
- Businesses that are already running.
- Micro, small and medium enterprises.
- The most on offer is ₹5 crore.
- Udyam registration is needed. It is free.
- At least 12 months in business
- PAN, active GSTIN, income tax returns and 12 months of bank statements are all needed
- Positive net worth
- Promoter CIBIL score of 730 or more and a good business credit rank
How to apply
- Open the IND DIGI MSME application page
- Verify your mobile and email by OTP
- Enter your PAN, Udyam, GST and tax return details and upload bank statements
- Get an in-principle sanction online
In person, nearest Indian Bank branch for help
In Kerala, online through the Indian Bank website, mobile banking or internet banking. New customers can apply too
Documents to keep ready
- PAN
- Udyam Registration Certificate number and linked mobile number
- GSTIN, GST username and linked mobile number
- Income tax return downloaded from the Income Tax site
- 12 months of bank statements in PDF
- Details of promoters, guarantors, the business, the loan and any security
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.