Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)::: Recent changes: i) The guarantee fee up to Rs.50 lakhs also is to be borne by the borrower w.e.f 01.07.2017 ii) Already the guarantee fee above Rs.50 lakhs is to be borne by the borrower.
iii)The maximum amount of guarantee cover is Rs.200 lakhs to an eligible borrower w.e.f 01.07.2017 iv) The extent of cover for advances above Rs.50 lakhs and up to Rs.200 lakhs 50% extent of cover amount in default subject to a maximum of Rs.100 lakhs v) Credit facility above Rs.200 lakhs: can also be covered. The cover is restricted to Rs.200 lakh and the maximum credit risk borne by CGTMSE is restricted to Rs.100 lakhs or 50% of amount is default, whichever is less.
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