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Home >> Loan >> Loan schemes for minority community >> 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 and Small Enterprises (CGTMSE)

Eligibility

All new or existing Micro and Small Enterprises (Manufacturing Sector and Service Sector) to which credit facility has been provided by the Bank without any collateral security and/or third party guarantees.

Loan Amount

The maximum loan granted under the Scheme will be Rs. 100 lakh per MSE unit for fund based and non fund based facilities.

The additional credit facilities sanctioned upto Rs. 100 lakh per borrower, subsequently without any collateral security and/or third party guarantees to such MSE unit for fund based and non fund based facilities.

 Guarantee Fee and Annual Service Fee

The guarantee cover is available on payment of "one time guarantee fee" @1.50% of the credit facilities sanctioned and the"annual service fee" @0.75% of the credit facility extended by the MLIs.( Guarantee Fee is 0.75% for the loans to borrower in North Eastern Region including Sikkim)

For loans upto Rs. 5.00 lakh sanctioned by the MLIs, guarantee fee is 1.00% and annual service fee is 0.50%.

Annual Service Fee of 0.25% is recovered from the following borrowers and the balance i.e. in excess of 0.25% out of 0.50% or 0.75% as applicable to the borrowers shall be borne by the Bank in respect of guarantee cover:

(a) All loans upto Rs. 2.00 lakh,

(b) All eligible women Enterpreneurs,

(c) All eligible borrowers located in the North Eastern Region( including Sikkim)

For loans upto Rs. 5.00 lakh sanctioned by the Bank, guarantee fee @ 1.00% and annual service fee @ 0.50%. shall be borne by the Bank.