CGSMFI Business and Working Capital Loans - Credits for Microfinance

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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.

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You are never too far away from quick, efficient banking services. Locate your nearest branch or an ATM.

For assistance, call us at 1800 209 5600 from Monday to Saturday (9:30 am to 6:30 pm, excluding holidays)

Your opinion is important to us. We'll check how we can use it to improve our services

You are never too far away from quick, efficient banking services. Locate your nearest branch or an ATM.

For assistance, call us at 1800 209 5600 from Monday to Saturday (9:30 am to 6:30 pm, excluding holidays)

Your opinion is important to us. We'll check how we can use it to improve our services

Credit Guarantee Scheme for MFIs (CGSMFI)