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The revised the Annual Guarantee Fee (AGF) structure under Credit Guarantee Scheme (CGS -I) applicable to all the guarantees approved/ renewed on or after April 01, 2023 is given in the table below.
The Annual Guarantee Fee payable would be on the outstanding loan amount instead of guaranteed amount for credit facilities sanctioned / renewed to MSEs on or after April 01, 2018 as per Circular No.139/2017-18. 6.
Jan 31, 2024 · In this comprehensive guide, we analyze the latest CGTMSE fee rates, calculation methodology, payment timelines, and other pertinent details related to the scheme’s structure as per the revisions announced in 2023.
May 27, 2024 · The current CGTMSE fee is payable at the rate of 1.5%. It is payable at 0.75% for the North-Eastern region including the state of Sikkim. The procedure for applying and availing loans under CGTMSE is as follows:
1. Will any guarantee fee be charged under the Scheme by CGTMSE? Yes. 1.50% per annum on the guaranteed amount on outstanding basis. 2. Whether service fee or any other fee would be charged in addition to the guarantee fee? No. There is no service fee or any other charge. 3. Whether Guarantee Fee is payable for NPA or claim lodged cases?
Nominal guarantee fee - Loans taken under the CGTMSE charge an annual guarantee fee (AGF). AGF for small ticket loans of up to ₹10 lakh is a nominal fee. The highest AGF is for loans between ₹2-5 crore, charged at 1.35% of the loan amount which may vary from time to time.
Jan 6, 2024 · What is the CGTMSE Annual Guarantee Fee (AGF)? The Annual Guarantee Fee (AGF) is the annual service charge payable by MSE borrowers to avail guarantee coverage from CGTMSE on their loans. It is charged as a percentage of the credit facility sanctioned or renewed. Key details about CGTMSE’s AGF include:
