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Questions and Answers
What is the revised Annual Guarantee Fee (AGF) structure applicable for under the Credit Guarantee Scheme (CGS-I) for loans given for Retail/Wholesale Trade?
What is the revised Annual Guarantee Fee (AGF) structure applicable for under the Credit Guarantee Scheme (CGS-I) for loans given for Retail/Wholesale Trade?
- Only for retail activity
- All activities including trading activity (correct)
- Only for wholesale activity
- Only for trading activity
What is the maximum extent of Guarantee Coverage for Micro Enterprises for loans up to 5 lakh?
What is the maximum extent of Guarantee Coverage for Micro Enterprises for loans up to 5 lakh?
- 90%
- 80%
- 85% (correct)
- 75%
What concession/relaxation in guarantee fee is provided for Women entrepreneurs/SC-ST Borrowers/MSEs situated in Aspirational District/ZED Certified MSEs/Units in North East Region up to 50 lakhs?
What concession/relaxation in guarantee fee is provided for Women entrepreneurs/SC-ST Borrowers/MSEs situated in Aspirational District/ZED Certified MSEs/Units in North East Region up to 50 lakhs?
- 15% discount
- 20% discount
- 5% discount
- 10% discount (correct)
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Study Notes
- CGTMSE revised its Annual Guarantee Fee (AGF) structure under Credit Guarantee Scheme (CGS -I) for loans given for Retail/Wholesale Trade.
- The revised AGF structure is applicable for all activities including trading activity.
- 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.
- Additional concession/relaxation in guarantee fee is provided for Social Category, Geographic MSE Status, Target Group, Women/SC/ST, NER (Up to 50 Lakh)/Aspirational District, and ZED Certified.
- Women entrepreneurs/SC-ST Borrowers/MSEs situated in Aspirational District/ZED Certified MSEs/Units in North East Region (incl. Sikkim) up to 50 lakhs would be given a 10% discount.
- The maximum extent of Guarantee Coverage is different for various categories of borrowers.
- Micro Enterprises have 85% coverage up to 5 lakh, 75% coverage between 5-50 lakh, and 75% coverage between 50 lakh-200 lakh.
- MSEs located in North East Region have 80% coverage.
- Women entrepreneurs and MSEs situated in Aspirational District have 85% coverage.
- SC/ST entrepreneurs and all other categories of borrowers have 85% and 75% coverage, respectively.
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