OBC left Menu
Quick Info
Visitor No.:   58813295



Print Font :- Small Text Standard Text Large Text
Home >> Loan >> Other Loan Schemes  >> >> Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

CREDIT GUARANTEE FUND TRUST FOR MICRO & SMALL ENTERPRISES (CGTMSE)

Eligibility

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 including Retail Traders) without collateral security/ third party guarantee are eligible for guarantee coverage.  

 

Maximum Credit  Guarantee coverage available

Rs. 200 lakh (MSE both Manufacturing and Service Sector)

Rs. 100 lakh (MSE Retail Traders)

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.

Annual Guarantee fee

Composite all-in Guarantee fee as under (credit facilities sanctioned by Bank on or after April 01, 2018:

 

Credit Facility

Annual Guarantee Fee (AGF*) (% p.a.)

 

Women, Micro Enterprises  and units in North East Region (incl. Sikkim )

Others

Retail Traders

Upto Rs. 5 lakh

1.00%*

1.00%*

2%* irrespective of credit facility.

Above Rs. 5 lakh to Rs. 50 lakh

1.35%*

1.50%*

Above Rs. 50 lakh to Rs. 200 lakh

1.80%*

1.80%*

 

*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 (GST applicable).

 

*AGF will be charged on the guaranteed amount for the first year and on the outstanding amount for the remaining tenure of the credit facility.

 

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 information provided is illustrative and not exhaustive.

For more details, please contact you nearest Oriental Bank of Commerce branch.