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1 day ago · Waiver of CGTMSE Cover for loan limits above Rs.10 Lakhs upto Rs. 200 Lakhs by accepting securities (Land and Building) of 75% of the loan limit. Maximum amount of Cover Upto and inclusive of Rs.200 lakhs.
Jun 28, 2024 · Union Agriculture Minister Shivraj Singh Chouhan launched the 'AIF Interest Subvention & CGTMSE Fee Claim Portal' and 'Krishi Katha' blog platform to streamline financial assistance and amplify farmers' voices.
Jun 24, 2024 · Cost to MLIs: Guarantee fee would be levied by IFCI (rates as per following table) on the guarantee cover provided for the First Year and then annual renewal fees of the outstanding Guarantee commitment/obligation, towards renewal of the Guarantee to be paid by MLIs at the beginning of each Financial Year, i.e. 01st April every year.
Jun 24, 2024 · The credit guarantee fee on the loan amount disbursed would be borne by GoI for a period of 3 years. Note 01: Under the scheme, the loans will be provided to all eligible handloom beneficiaries for 3 years.
Jun 26, 2024 · Collateral free loans up to Rs. 500 lakhs (from April 1, 2023) with guarantee coverage up to 85% through CGTMSE. Rs. 50,000 crore equity infusion through Self Reliant India Fund, including a Rs. 10,000 crore corpus from the Government of India.
Jun 11, 2024 · A Working Group was constituted by the Reserve Bank of India under the Chairmanship of Shri V.K. Sharma, Executive Director, to review the working of the Credit Guarantee Scheme (CGS) of CGTMSE and suggest measures to enhance its usage and facilitate increased flow of collateral free loans to MSEs.
Jun 28, 2024 · The CGTMSE, operational under the Government of India and the Small Industries Development Bank of India (SIDBI), offers credit guarantees to help MSMEs access bank credit without the hassles of crushing collaterals or third-party guarantees.
