CGTMSE/(44)/12 May 02, 2013
All the Member Lending Institutions of CGTMSE
Circular No. 64 /2013-14
Madam / Dear Sir,
Credit Guarantee Scheme (CGS)
- Appropriation of Guarantee Fee (GF) / Annual Service Fee (ASF) /
Annual Guarantee Fee (AGF) against DC (Handicraft) Corpus Fund
Please refer to CGTMSE Circular No. 52 / 2009-10 dated May 13, 2009 intimating placements of Funds with CGTMSE by the Office of Development Commissioner (Handicrafts) for payment of guarantee fee and annual service fee in respect of artisan units covered under CGS
The commitment by the office of DC (Handicraft) for providing corpus fund to the Trust for four years since FY2009 had ended by FY2013. Pending replenishment of the Corpus Fund by the Office of DC(Handicraft), MLIs are advised to remit / pay the applicable fees towards GF / ASF / AGF as and when demanded by CGTMSE, within a stipulated time period, in respect of borrower accounts covered under CGS (Handicraft) including Annual Service Fee (ASF) for FY2013, FY2014 and Annual Guarantee Fee (AGF) for FY2014 which would be demanded by CGTMSE by the 2nd week of May 2013 to enable the Trust to keep the guarantees live.
We request you to kindly bring the contents of this Circular to the notice of all the Operating Offices / branches of your Bank / Financial Institution.