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Abtik Services

Bussiness Loan

Business Loan

Abtik Services is the first bank to partner with Government e-Marketplace (GeM) Sahay – a platform that connects sellers with lenders, offering real-time financing against Purchase Orders.

Overview

Abtik Services is the first bank to partner with Government e-Marketplace (GeM) Sahay – a platform that connects sellers with lenders, offering real-time financing against Purchase Orders. GeM is an innovative end-to-end marketplace that enables open, efficient, and transparent procurement of goods and services for various Government Ministries/ Departments, Public Sector Undertakings, and other apex autonomous bodies of the Central Government, ensuring seamless public procurement on the platform.

ELIGIBILITY CRITERIA

  • The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakhs
  • he business must have generated profit for a minimum of 1 year
  • The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services
  • The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity.

BENEFITS

  • Quick disbursal
  • Competitive interest rates
  • Flexible tenures

Required Document

  • Aadhaar Card
  • PAN Card
  • Bank statement of the previous 6 months
  • Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
  • Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
  • Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]

FAQs

Various stakeholders such as start-ups, agri-entrepreneurs, farmers, Agricultural Produce Market Committee (APMC), Farmer Producers Organization (FPO), and others are eligible to apply for the Agriculture Infrastructure Fund scheme. For further information, reach out to Abtik Services.
Primary Processing (Sorting Grading, cleaning, Drying Packaging, Storage) of Agriculture products like (Cereals & Millets, Fruits and Vegetables, Spices, cotton, Tea, coffee, Oilseeds, pulses, Sugarcane, Coconut, Jute, Nuts, Herbal, Medicinal Plant and Aromatic Crops.
If any client is involved in the production of agriculture equipment (Tractor, Rotavator, Cultivator) then it is not eligible, but if the client rents the minimum 5 equipment (Tractor, Rotavator, Cultivator) to farmers then it will be eligible.
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