Hi the State Bank of India has signed an MOU with the CGTMSE

This MOU contain the Small Enterprises which are financed by the Bank that comes in the Portfolio Credit Guarantee Scheme (PCGS) for Micro and Small Enterprises of the Trust.

The Trust has launched this scheme and SBI is the first Bank to enter into this MOU with the Trust.

CGTMSE was providing guarantee cover on a case-to-case basis for loans sanctioned by various institutions.

With the introduction of PCGS, the Trust will cover the entire portfolio of eligible accounts financed by SBI.

Enterprises that are extended credit limits of up to Rs 100 lacs are eligible for cover by the Trust.


Accounts Requirements:

The loans sanctioned to MSEs by the Bank without any collateral security cover or third party guarantee and having fund based as well as non-fund based limits up to Rs 100 lacs are eligible for cover.

It contain term loans as well as working capital assistance provided by the Bank.

At the time of obtaining the guarantee cover, the loan accounts should be performing accounts in the books of the Bank.

If you want more details then feel free to contact again