Yes Bank Launches GST Backed Over Draft Facility For MSMEs

Posted on:17 Apr 2018 16:14:03
Yes Bank Launches GST Backed Over Draft Facility For MSMEs
17 April 2018 Current Affairs: Yes Bank announced the launch of ‘Yes GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs).

Through this, an MSME can avail OD up to Rs 1 crore, based on their annual turnover, backed by GST returns.

Any additional assessment of balance sheet or bank statements will not be required.

This OD facility can be availed by an MSME against mortgage of residential or commercial property.

The sanctioned amount can be utilized by the MSME either fully or in tranches.
Yes Bank announced the launch of ‘Yes GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs).

Through this, an MSME can avail OD up to Rs 1 crore, based on their annual turnover, backed by GST returns.

Any additional assessment of balance sheet or bank statements will not be required.

This OD facility can be availed by an MSME against mortgage of residential or commercial property.

The sanctioned amount can be utilized by the MSME either fully or in tranches.

Monthly Current Affairs

Fresherslive telegram Group

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs Weekly PDF

Current Affairs Monthly PDF

Current Affairs Quiz

Current Affairs Monthly PDF Hindi

Currentt Affairs 2019 March

22 MARCH
NEWS
21 MARCH
NEWS

Currentt Affairs 2019 February

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
26 FEBRUARY
NEWS
25 FEBRUARY
NEWS

Currentt Affairs 2019 January

31 JANUARY
NEWS
30 JANUARY
NEWS
29 JANUARY
NEWS
28 JANUARY
NEWS