The lending institution desirous to register with CGTMSE may submit an undertaking on a stamp paper of appropriate value to the registered office of the Trust.
The following documents may be furnished in addition to the undertaking for registration purpose:
a) Annual reports for the preceding 3 years.
b) List of offices along with their addresses designated to operate the Credit Guarantee scheme with CGTMSE.
c) Name and designation of the designated officers to operate the scheme, together with their signatures.
Items b) and c) above may be provided subsequent to the registration of the lending institution, if so desired by the lending institution.
Who can register:-
Only scheduled commercial banks are presently eligible to register with CGTMSE for operating the credit guarantee scheme.
Regional Rural Banks desirous to register with CGTMSE may send in complete details about their performance including:
i. Annual Reports for the last 3 years
ii. Details of geographical areas of operation
iii. Average loan size iv. Recovery performance, % of standard assets to total assets, Capital adequacy ratio.
Stamp Value :
To be stamped as an agreement under the local Stamp Act, where the document is executed.
Registered Office :
The Head / Registered Office of the Credit Guarantee Trust -
The Chief Executive Officer,
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE),
7th Floor, Swavalamban Bhavan, SIDBI,
Mumbai: 400 051
Tel No. :(022) - 6143 7805 (other lines (022)-61437-802 to 832)
Fax No. : 26541821