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CGTMSE Form for First Instalment of Claim Credit Guarantee Fund Trust for Micro Small Enterprises Application for Invocation of Guarantee Cover and Preferment of Claim under CGS In terms of Clause 10 of Credit Guarantee Fund Scheme for Micro and Small Enterprises CGFSMSE we prefer the claim on CGTMSE as under 1. We also declare that the officer preferring the claim on behalf of MLI is having the authority to do so. We hereby declare that no faul.

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How to fill out the Cgtmse Claim Form online

The Cgtmse Claim Form enables users to apply for a guarantee cover and claim under the Credit Guarantee Fund Scheme for Micro and Small Enterprises. This guide provides step-by-step instructions on how to effectively fill out the form online, ensuring that your application is complete and accurate.

Follow the steps to successfully complete the Cgtmse Claim Form online.

  1. Press the ‘Get Form’ button to download the Cgtmse Claim Form, allowing you to open and edit it in a suitable format.
  2. Begin by entering your online claim application reference number and the date on the designated fields at the top of the form.
  3. Provide your operating office and lending branch details. This includes member ID, lending branch name, and contact information such as the village/town, district, state, telephone number, and email address.
  4. Fill in the borrower’s or unit's details, including name and complete address, ensuring you also specify the district and state along with the telephone number.
  5. Indicate the status of accounts by providing the date when the account was classified as non-performing asset (NPA), the date of reporting to CGTMSE, reasons for account classification as NPA, and the date of recall notice issuance.
  6. Detail any legal proceedings related to the borrower. This requires marking the forum type, entering the suit registration number, the name and location of the forum, along with the date, amount claimed, and current status of the proceedings.
  7. List out all term loan or composite loan details, specifying amounts and relevant dates regarding disbursement and outstanding balances for principal, interest, and other charges.
  8. Complete the working capital limit details by filling in outstanding amounts as of the NPA date and other specified categories for loans or limits covered under CGS.
  9. Provide details about security and personal guarantees, including types of security, respective values, and any reasons for value reduction over time.
  10. Document any recoveries made from the borrower after account classification as NPA, indicating the amounts and modes of recovery.
  11. Summarize the total amount for which the guarantee claim is being preferred, highlighting amounts claimed and eligibility calculations based on outstanding loans or limits.
  12. Complete the declaration and undertaking section at the end of the form, ensuring it is filled out by an authorized officer of the lending institution, followed by their signature, designation, and relevant seals.
  13. Review the checklist provided at the end of the form to ensure all necessary information and documentation is included before submission.

Start filling out your Cgtmse Claim Form online today to ensure your application is submitted accurately and efficiently.

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INTRODUCTION. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is jointly set up by Ministry of Micro, Small & Medium Enterprises (MSME), Government of India and Small Industries Development Bank of India (SIDBI) to catalyse flow of institutional credit to Micro & Small Enterprises (MSEs).

When can the Lending Institution invoke the guarantee? For MLI to lodge a claim, the guarantee in respect of that credit facility should have been in force at the time of account turning NPA and after completion of lock-in period of 18 months (from the guarantee start date or last disbursement date whichever is later).

After satisfying itself about the procedural aspects met by the lender, regarding lodgement / preferment of claim for guarantee, the Trust will honour 75% of the guaranteed portion of the amount in default, subject to maximum of 50% / 75% / 80%/85% of the amount in default.

On sanction of sub-debt, the Banks login into CGTMSE Portal and apply for guarantee coverage. On receipt of application, Guarantee is approved by CGTMSE within 24 hours and on paying the Guarantee fee, the Guarantee becomes live. No documents are sought at the time of application lodgement of guarantee.

As per the CGTMSE guidelines, a credit guarantee is deemed to back a borrower with collateral and third party guarantee free advance. Under the scheme, the member lending institution which can be an NBFC also, who lend to the SME and MSME sector are eligible for a maximum credit cap of Rs.

MSME units such as Individuals / Proprietorship, LLP, Partnership, Private Limited Company or registered company are eligible to be covered under the scheme.

When can the Lending Institution invoke the guarantee? For MLI to lodge a claim, the guarantee in respect of that credit facility should have been in force at the time of account turning NPA and after completion of lock-in period of 18 months (from the guarantee start date or last disbursement date whichever is later).

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232