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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 and/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 coverage.

Maximum credit facility for guarantee cover

Rs.200 lakhs

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, 2016) :

Credit Facility

Annual Guarantee Fee (AGF) [% p.a.]


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

Others

Upto Rs.5 lakh

0.75*

1.00*

Above Rs.5 lacs-Rs.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 Rs 5 Lakh shall be borne by the Bank as hitherto.

 The information provided is illustrative and not exhaustive.

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