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    Credit Guarantee Fund Trust For Micro and Small Enterprises: (Set Up by Government. of India and SIDBI)

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    Harsh Mehta
    This document is a letter from the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTSI) to its member lending institutions regarding modifications to the credit guarantee scheme for the North Eastern Region of India. The key points are: 1) The extent of guarantee cover for loans in the North Eastern Region has been raised to 80% from the previous level. 2) The maximum guarantee cover has been increased to Rs. 40 lakh (Rupees Forty lakh only) from the existing Rs. 37.50 lakh for loans in the North Eastern Region. 3) The letter refers to an earlier Circular No. 37 dated July 02, 2007 regarding the subject of modifications to

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    Credit Guarantee Fund Trust For Micro and Small Enterprises: (Set Up by Government. of India and SIDBI)

    Uploaded by

    Harsh Mehta
    22 views2 pages
    This document is a letter from the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTSI) to its member lending institutions regarding modifications to the credit guarantee scheme for the North Eastern Region of India. The key points are: 1) The extent of guarantee cover for loans in the North Eastern Region has been raised to 80% from the previous level. 2) The maximum guarantee cover has been increased to Rs. 40 lakh (Rupees Forty lakh only) from the existing Rs. 37.50 lakh for loans in the North Eastern Region. 3) The letter refers to an earlier Circular No. 37 dated July 02, 2007 regarding the subject of modifications to

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    This document is a letter from the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTSI) to its member lending institutions regarding modifications to the credit guarantee scheme for the North Eastern Region of India. The key points are: 1) The extent of guarantee cover for loans in the North Eastern Region has been raised to 80% from the previous level. 2) The maximum guarantee cover has been increased to Rs. 40 lakh (Rupees Forty lakh only) from the existing Rs. 37.50 lakh for loans in the North Eastern Region. 3) The letter refers to an earlier Circular No. 37 dated July 02, 2007 regarding the subject of modifications to

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    22 views2 pages

    Credit Guarantee Fund Trust For Micro and Small Enterprises: (Set Up by Government. of India and SIDBI)

    Uploaded by

    Harsh Mehta
    This document is a letter from the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTSI) to its member lending institutions regarding modifications to the credit guarantee scheme for the North Eastern Region of India. The key points are: 1) The extent of guarantee cover for loans in the North Eastern Region has been raised to 80% from the previous level. 2) The maximum guarantee cover has been increased to Rs. 40 lakh (Rupees Forty lakh only) from the existing Rs. 37.50 lakh for loans in the North Eastern Region. 3) The letter refers to an earlier Circular No. 37 dated July 02, 2007 regarding the subject of modifications to

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    (

    Credit Guarantee Fund


    Trust for Micro and
    Small Enterprises
    (Set up by Government. of
    India and SIDBI)
    CGTSI/(44)/ 678

    July 30, 2007

    All Member Lending Institutions of CGTSI

    Dear Sir,

    Financial Sector Plan for the North Eastern RegionModifications in the Credit Guarantee Scheme

    Please refer our Circular No. 37 dated July 02, 2007, regarding the captioned subject. We have
    received some queries relating to the maximum extent of guarantee cover. We advise that the
    extent of guarantee cover has been raised to 80% for loans in the North Eastern Region.
    Consequently, the maximum guarantee cover will be raised to Rs.40 lakh (Rupees Forty lakh only)
    in place of the existing Rs. 37.50 lakh for such loans.

    Yours faithfully,
    Sd/-

    (P.M.Radhakrishnan)
    Deputy General Manager

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