1. Will any guarantee fee be charged under the Scheme by CGTMSE?

Yes. 1.50% per annum on the guaranteed amount on outstanding basis.

2. Whether service fee or any other fee would be charged in addition to the guarantee fee?

No. There is no service fee or any other charge.

3. Whether Guarantee Fee is payable for NPA or claim lodged cases?

Yes, Guarantee Fee is payable for NPA cases / claim lodged cases, till the settlement of first claim.

4. What is the process to be carried out before lodgement of claim ?

Before lodgement of claim application with CGTMSE, the MLI needs to initiate legal action post NPA or default.