Credit Enhancement Guarantee Scheme For The Scheduled Castes

Credit Enhancement Guarantee Scheme For The Scheduled Castes क्या है?

a loan scheme by the Ministry of Social justice and Empowerment for Entrepreneurs of Scheduled Caste Category.

लाभ

Amount of Guarantee Minimum Rs.0.15 crore and maximum Rs.5.00 crore. Individual SC Entrepreneur would be eligible for a guarantee cover of a loan amount of upto Rs. 1.00 crore. Tenure of Guarantee Maximum 7 years or repayment period whichever is earlier. However, initially the loan shall be guaranteed for 1 year and renewed at yearly intervals subject to payment of annual renewal fee and satisfactory loan conduct and satisfactory loan review certification by MLIs at the time of renewal. Repeat Credit Enhancement IIn case of satisfactory track record and post liquidation of the First facility under the scheme, the benefits of Guarantee under the scheme may be extended to such SC Entrepreneurs/Enterprises for repeat finance, in order to incentivize and inculcate healthy credit culture amongst the ultimate beneficiaries.

स्तर

Central

मंत्रालय / विभाग

Ministry Of Social Justice and Empowerment

लाभ का प्रकार

cash

मुख्य पात्रता

1. Enterprises, projects/units being set up, promoted and run by Scheduled castes in primary, manufacturing and services sector ensuring asset creation out of the funds deployed in the unit, under any State/Central Government Subsidy/Grant Scheme shall be considered; 1. Registered Companies and Soci

अंतिम सत्यापन

Recently

Benefits

Amount of Guarantee Minimum Rs.0.15 crore and maximum Rs.5.00 crore. Individual SC Entrepreneur would be eligible for a guarantee cover of a loan amount of upto Rs. 1.00 crore. Tenure of Guarantee Maximum 7 years or repayment period whichever is earlier. However, initially the loan shall be guaranteed for 1 year and renewed at yearly intervals subject to payment of annual renewal fee and satisfactory loan conduct and satisfactory loan review certification by MLIs at the time of renewal. Repeat Credit Enhancement IIn case of satisfactory track record and post liquidation of the First facility under the scheme, the benefits of Guarantee under the scheme may be extended to such SC Entrepreneurs/Enterprises for repeat finance, in order to incentivize and inculcate healthy credit culture amongst the ultimate beneficiaries.

Eligibility

Documents Required

How to Apply

1. Step 1: Online application — step 1

   Enter the details of the Enterprise details and other mandatory fields Enter the details of the Borrower details and other mandatory fields. The applicant will fill Loan and Bank details and other mandatory fields. Save and Upload the requested documents Submit the document

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.