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How is appropriation of amount received from the lending institutions done under CGTMSE SCHEME?

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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2014/10/11
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

Appropriation of amount received from the lending institutions

           

The amount received from the lending institutions shall be appropriated in the order in which the service fee, penal interest and other charges have fallen due.  If the service fee and the penal interest have fallen due on the same date, then the appropriation shall be made first towards service fee and then towards the penal interest and finally towards any other charges payable in respect of the eligible credit facility.

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