CGSMFI Business and Working Capital Loans - Credits for Microfinance

Highlights of CGSMFI Scheme :

No Guarantee fee for Eligible NBFC-MFI /MFI.
The scheme is valid till March 31,2022 or till guarantees for an amount of Rs.7,500 Crores are issued by NCGTC, whichever is earlier.
Competitive lending rate from Kotak Mahindra Bank; capped at 2% above 1Y MCLR.
Interest rates to be charged by NBFC-MFI / MFI to its borrowers shall be at least 2% below maximum rates prescribed by RBI.
NBFC-MFI / MFI need to comply other stipulations issued by NCGTC / Kotak Bank from time to time.

For more details write /email to us : [email protected]

Also visit www.ncgtc.in for further details.