9/27/2017 Andhra Bank

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CREDIT CARD
ONLINE PORTAL
(
https://onlinecreditca

INTERNET
BANKING LOGIN
(https://www.onlinean

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) w.e.f. 01-01-2017
INTERNET
BANKING
SIGNUP
(https://WWW.ONLIN
Action.RetUser.SelfSi

CALCULATOR
(Tools.aspx)

BRANCH / ATM
LOCATOR
(LocatorsPg.aspx)

MOBILE APPS

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9/27/2017 Andhra Bank

Eligibility
Under CGTMSE, guarantee cover is provided by the trust for the credit facilities to an extent of Rs 200 lakh that have been
sanctioned without any collateral security and/or third party guarantees to all new and existing Micro and Small Enterprises
(both Mfg as well as services) except Retail Trade.

Credit facilities sanctioned to an eligible borrower with rate of interest more than 4% over Base Rate are not eligible to cover
under CGTMSE [Ceiling with regard to interest rate linked to MCLR is yet to be communicated by CGTMSE]. Further, loans
sanctioned under Agriculture segment and SHGs are also not eligible to cover under CGTMSE.
Extent of Guarantee
The extent of guarantee provided by the trust is based on the category of the borrowers/location of the unit and amount of credit
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facility being covered under guarantee. The same is as under:

Borrower Category Maximum extent of guarantee where credit facility CREDIT
is CARD
Upto Rs.5 lakh Above Rs.5 lakh Above ONLINE
Rs.50 lakhPORTAL
(
upto Rs.50 lakh upto Rs.100 lakh
https://onlinecreditca
Micro Enterprises * 85% of the Amount in 75% of the Amount in Default 50 % of the amount in default subject
Default subject to a subject to a maximum of to a maximum of Rs. 100 lakhs.
maximum of Rs.37.50 lakh INTERNET
Rs.4.25 lakh BANKING LOGIN
(https://www.onlinean
Women Entrepreneurs / Units 80% of the amount in Default subject to a maximum 50 % of the amount in default subject
located in North East Region (incl. of Rs.40 lakh to a maximum of Rs. 100 lakhs.
Sikkim) (Other than credit facility INTERNET
upto Rs.5 lakh to micro enterprises) BANKING
All other category of borrowers SIGNUP
75% of the amount in Default subject to a maximum 50 % of the amount in default subject
(https://WWW.ONLIN
of Rs.37.50 lakh to a maximum of Action.RetUser.SelfSi
Rs. 100 lakhs.

All proposals for sanction of guarantee approvals for credit facilities above Rs. 50 lakh upto Rs. 200 lakh will have to be rated
internally by the MLI and should be of investment grade. The enhancements in existing guarantee covered beyond Rs. 100 lakh
in respect of working capital facilities, where such enhancements are approved on or after January 01, 2017, would also be
CALCULATOR
eligible for the enhanced coverage up to Rs. 200 lakh provided the proposal meets the guidelines of CGS. (Tools.aspx)

The cost of the guarantee cover will be as per the extant guidelines.
All other terms and conditions of existing CGS, along with its subsequent amendments remain unchanged. BRANCH / ATM
LOCATOR
(LocatorsPg.aspx)

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CREDIT CARD
ONLINE PORTAL
(
https://onlinecreditca

INTERNET
BANKING LOGIN
(https://www.onlinean

INTERNET
BANKING
SIGNUP
(https://WWW.ONLIN
Action.RetUser.SelfSi

CALCULATOR
(Tools.aspx)

BRANCH / ATM
LOCATOR
(LocatorsPg.aspx)

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