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What is the extent of the guarantee under CGTMSE SCHEME?

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تم إضافة السؤال من قبل Vinod Jetley , Assistant General Manager , State Bank of India
تاريخ النشر: 2014/10/11
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Agree with the given answers.

Vinod Jetley
من قبل Vinod Jetley , Assistant General Manager , State Bank of India

The Trust shall provide guarantee as under :

 Micro Enterprises

Loan facilities upto Rs.5 lakh

               85% of the amount in default subject to a maximum of Rs.4.25 lakh

Loan facilities above Rs.5 lakh upto Rs.50 lakh

              75% /Rs.37.50 lakh

Loan facilities above Rs.50 lakh upto Rs.100 lakh

             Rs.37.50 lakh plus50% of amount in default above Rs.50 lakh subject to overall ceiling of Rs.62.50 lakh

Women entrepreneurs/  Units located in North East Region (incl. Sikkim) other than credit facility upto Rs.5 lakh to micro enterprise

Loan facilities upto Rs.50 lakh

80% of the amount in default subject to a maximum of Rs.40 lakh

Loan facilities above Rs.50 lakh upto Rs.100 lakh

                            Rs.40 lakh plus50% of amount in default above Rs.50 lakh subject to overall ceiling of Rs.65 lakh

All other category of borrowers

Loan facilities upto Rs.50 lakh

                          75% /Rs.37.50 lakh

Loan facilities above Rs.50 lakh upto Rs.100 lakh

                        Rs.37.50 lakh plus50% of amount in default above Rs.50 lakh subject to overall ceiling of Rs.62.50 lakh

 

All proposals for sanction of guarantee approvals for credit facilities above Rs.50 lakh and upto Rs.100 lakh will have to be rated internally by the MLI and should be of investment grade. Proposals approved by the MLIs on or after December8,2008 will be eligible for the coverage upto Rs.100 lakh.

 

The guarantee cover will commence from the date of payment of guarantee fee and shall run through the agreed tenure of the term credit in respect of term credit / composite credit.   Where working capital alone is extended to the eligible borrower, the guarantee cover shall be for a period of5 years or a block of5 years, or for such period as may be specified by the trust in this behalf.

georgei assi
من قبل georgei assi , مدير حسابات , المجموعة السورية

I agree with your answer good it is new information for me

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