CGTMSE-MSME Loan
Modified FEE Structure
In pursuit of revamp of Credit Guarantee Scheme to increase flow of credit to MSEs, it has been decided to bring down the cost of guarantee. Further, guarantee fees to Retail / Wholesale Trade is made at par with other activities. 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.
|
Slab |
Standard Rate (pa)* |
|
0-10 lakh |
0.37 |
|
Above 10-50 lakh |
0.55 |
|
Above 50-1 crore |
0.60 |
|
Above 1-2 crore |
1.20 |
|
Above 2-5 crore |
1.35 |
|
*AGF will be charged on the guaranteed amount for the first year and on the outstanding amount for the remaining tenure of the credit facility. The standard rate is across all activity including trading activity. |
|