How much do you know about CGTMSE's revised Annual Guarantee Fee structure for C...

• 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.

Test your knowledge on the revised Annual Guarantee Fee (AGF) structure under Credit Guarantee Scheme (CGS-I) by CGTMSE for loans given for Retail/Wholesale Trade. This quiz will help you understand the new AGF structure, its applicability to different activities, and additional concessions/relaxations in guarantee fee for various categories of borrowers. Sharpen your understanding of the maximum extent of Guarantee Coverage for different types of borrowers, including micro-enterprises, MSEs in North East Region