IndiaFilings / Learn / Banking / Yes Bank Suyog Bank Loan Scheme
YES Bank Suyog Bank Loan Scheme - IndiaFilings

YES Bank Suyog Bank Loan Scheme

The YES Bank Suyog bank loan scheme is aimed at providing a complete solution for the financing necessities of SMEs engaged in manufacturing, trading and services. YES Bank is the fifth largest private sector bank in India with a growing presence and a broad range of products in personal banking, business banking and corporate banking. In this article, we look at some of the main features of the YES Bank Suyog Scheme.

Overview of YES Bank

YES Bank Limited was incorporated in November 21, 2003 and the bank was officially launched in 2004. The company was founded by Rana Kapoor with foray into retail banking with the commencement of International Gold and Silver debit card in joint venture with MasterCard International. In June 2005, YES Bank IPED and listed the shares on the stock exchanges.

YES Suyog Scheme

Under the YES Suyog Scheme, fund based cash credit, overdraft, working capital, term loan, LC, buyers credit and bank guarantee is provided to SME units. The maximum loan amount sanctioned under the scheme is Rs.2 crores. Collateral in the form of residential, commercial, industrial or non-agricultural plot or fixed deposit can be provided.

How to Apply for the YES Suyog Scheme

Application for YES Suyog Scheme can be submitted to any of the YES Bank branches on the MSME Application Form. Along with the application form, the following documents must be submitted.
  • Last 3 year Financial Statement including latest 2 years Audited Statements along with all schedules
  • Financial Projection for a period of 2 years
  • ITR Returns along with computation of Income at least for last 2 years of the Applicant or Co-Applicant or Guarantor
  • Sales Tax or VAT Returns for present Financial Year.
  • Statement of Accounts for Last 6 months related to all CC/OD/Current Account.
  • Repayment Track Statement from Commencing to Till Date or First and Latest Sanction Letter with last 6 months Repayment Track Statement
  • Proof of Vintage e.g. Shop establishment , Pollution license, et cetera
  • KYC documents of Applicant or Co-Applicant or Promoters/Guarantor
  • Property Documents offered as Security
  • Self Certified or CA certified Net worth statement of the Applicant or Co-Applicant or Promoters or Guarantor
  • Sanction letter of the all major accessible working capital facilities availed by the firm
  • Key group company's most recent Audited Financials, along with particulars of Bank borrowings, if any
  • Order in Hand and significant Agreement if any
Talk to an IndiaFilings Business Advisor for help obtaining bank loan.
IndiaFilings
Updated on: March 18th, 2020

Popular Post

Download ePAN Card – Get ePan from NSDL & UTIITSL
80 Small Business Ideas

Starting a small business can be a transformative venture, offering the exciting opportunity...

Nadakacheri – Income Caste Certificate Download Online in Karnataka
TDS Rate Chart for Financial Year 2025-2026 (Assessment Year 2026-2027)

Tax deduction at source, shortly and popularly known as TDS, was introduced by the Income Tax...

Divorce Rules in India: Everything You Need to Know
How To Download GST Registration Certificate Online?

Goods & Services Tax Certificate is issued to people who are registered under GST...

PAN Card Cancellation Online
Find Complete Details of GST Registration Procedure

GST registration applies to all individuals and entities supplying goods or services in India. GST...

Check Your PF Claim Status Online Using PF Tracking ID
Gift Tax in India: Applicability, Exemptions and Rules

Gift tax in India is applied when the value of the received gift exceeds ₹50,000 in the...

Check Your PF Claim Status Online Using PF Tracking ID
Old Regime vs New Regime 2025: Which Tax Regime is Better for You?

The Union Budget 2025 has brought significant changes to India’s personal income tax structure, raising the...

Check Your PF Claim Status Online Using PF Tracking ID
What is the minimum turnover for GST?

The Goods and Services Tax (GST) is an indirect tax system introduced in India in 2017. It functions...

Check Your PF Claim Status Online Using PF Tracking ID
How can I check if a trademark is registered?

A trademark search is simply checking if another person or organization does not already own the...

Check Your PF Claim Status Online Using PF Tracking ID
Section 194H of the Income Tax Act: TDS on Commission & Brokerage

Section 194H of the Income Tax Act in India mandates the deduction of Tax at Source (TDS) on commission or brokerage...

Check Your PF Claim Status Online Using PF Tracking ID
Section 80G Deduction - Income Tax Act

Section 80G Deduction is a facility available in the Income Tax Act which allows taxpayers to...

Check Your PF Claim Status Online Using PF Tracking ID
Crypto Tax in India: Taxation On Cryptocurrency

The Income Tax Department (ITD) has not provided specific guidance on crypto taxes for Indian investors. However...

Check Your PF Claim Status Online Using PF Tracking ID
Internal Audit Applicability Under Companies Act, 2013

Internal audit applicability is a critical concept for companies in India, impacting various...

Check Your PF Claim Status Online Using PF Tracking ID
Difference between Private and Public Company

In the business world, two main types of companies exist: private company and public company...

Check Your PF Claim Status Online Using PF Tracking ID
New GST Rules for Rent

Ministry of Finance vide a Notification No 05/2022- Central Tax (Rate) dated 13.7.2022 has issued...

Check Your PF Claim Status Online Using PF Tracking ID
GSTR-1 and GSTR-3B Due Date Extension - New Due Dates For January 2025

The Central Board of Indirect Taxes and Customs (CBIC) has recently announced an extension...

Check Your PF Claim Status Online Using PF Tracking ID
Different Depreciation Rates under Companies & Income Tax Act

Depreciation is a key concept in finance and accounting. It helps us manage how the value of...

Check Your PF Claim Status Online Using PF Tracking ID
Form 10IA - Section 80DD Deduction

Form 10IA of the Income Tax Department must be filed by taxpayers claiming income tax deduction...

Check Your PF Claim Status Online Using PF Tracking ID
GST on Used Cars: New 18% Tax Rate Explained

The Goods and Services Tax (GST) system in India has been a significant reform in the country's...

Check Your PF Claim Status Online Using PF Tracking ID
MSME Registration - Udyam Registration

India's Gross Domestic Product (GDP) benefits significantly from the substantial...

Check Your PF Claim Status Online Using PF Tracking ID
Section 43B(h) - New MSME 45 Days Payment Rule

The Finance Act, 2023 introduced the MSME 45-day payment rule under Section 43B(h) of the Income Tax Act...

Check Your PF Claim Status Online Using PF Tracking ID
Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024

The Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, was announced by Union Finance Minister...