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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.
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:
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.
Fee Structure शुल्क संरचना; FAQ पूछे जाने वाले समान प्रश्न. Member Lending Institutions - Eligibility, responsibility etc. सदस्य ऋणदात्री संस्थाएँ – पात्रता, उत्तरदायित्व आदि |
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.
Mar 31, 2023 · CGTMSE issues guidelines regarding reduction of annual guarantee fee for loans upto Rs. 1 crore from a peak rate of 2% per annum to as low as 0.37% per annum. Limit on ceiling for guarantees enhanced from Rs. 2 crore to Rs. 5 crore. Posted On: 31 MAR 2023 1:58PM by PIB Delhi.
The fee for loans exceeding Rs.10 lakh and up to Rs..50 lakh is 0.55% plus GST, while amounts ranging from above Rs.50 lakh to Rs.100 lakh increase to 0.60% plus GST.
Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS-I Scheme) came into force from August 1, 2000 covering eligible credit facilities extended by the Member Lending Institutions (MLIs) to eligible borrowers effective from June 1, 2000.
Jan 6, 2024 · Some key details: Purpose: To enable collateral-free credit access for MSEs by providing guarantee coverage to loans. Guarantee Cover: Up to 75% of the loan amount in case of NPA/default. Eligible Loans: Term loans and working capital facilities up to ₹2 crore to micro and small units.
