Under the Credit Guarantee Scheme of CGTMSE, credit limits (fund Based or Non fund Based) sanctioned by the Bank to Micro and Small Enterprises (Both Manufacturing Sector and Service Sector) without collateral security/ third party guarantee are eligible for guarantee coverage.
|Maximum Credit Guarantee coverage available||₹ 200 lakh|
|Tenure of the guarantee cover||Period of the term credit in case of term loan.
Period of 5 years in case of working capital facility subject to renewal thereafter.
Composite all-in Guarantee fee as under (credit facilities sanctioned by Bank on or after April 01, 2016:
|Credit Facility||Annual Guarantee Fee (AGF) (% p.a.)|
|Women, Micro Enterprises and units in North East Region (incl. Sikkim )||Others|
|Upto ₹ 5 lakh||0.75%*||1.00%*|
|Above ₹ 5 lakh to ₹ 200 lakh||0.85%*||1.00%*|
*Standard Rate of Guarantee fee excluding Risk premium.
*% of credit facility sanctioned to be paid upfront to the trust within such period as may be specified by the trust (Service tax applicable).
Composite all in Annual Guarantee fee for Fund based & Non fund based limit sanctioned up to ₹ 5 lakh shall be borne by the Bank as hitherto.
The following permission is taken by Oriental Batuaa for installation:
The User doesnâ€™t require an account with our Bank to download and use the â€œOriental Batuaaâ€ mobile-wallet application of the Bank.
The information provided is illustrative and not exhaustive.
For more details, please contact you nearest Oriental Bank of Commerce branch.