Credit Guarantee Scheme definition

Credit Guarantee Scheme means a scheme under section 5;

Credit Guarantee Scheme means a scheme established under Article 38 for the purpose of providing credit guarantees to participating lenders that enter into loan agreements with participating borrowers;

Credit Guarantee Scheme means a Credit Guarantee Scheme under the Namibia Financial Sector Strategy, a scheme by the Government of the Republic of Namibia through the Ministry of Finance which aims at encouraging funding of SMEs by providing collateral cover in favour of the participating institutions;

Examples of Credit Guarantee Scheme in a sentence

• Banks are advised to strongly encourage their branch level functionaries to avail of the Credit Guarantee Scheme cover, including making performance in this regard a criterion in the evaluation of their field staff.

• Evidence of reliance on the Government Credit Guarantee Scheme or overdraft facilities or other borrowings for capital purposes.

• These are the Credit Guarantee Scheme, the Microfinance Ireland COVID-19 Business Loan and the new €200m COVID-19 Future Growth Loan Scheme.Who is it for?Viable and eligible businesses (including sole traders) with up to 499 employees who are exposed to the impacts of COVID-19.Qualify for the COVID-19 Working Capital SchemeTo qualify for eligibility to the scheme, businesses need to meet one criterion related to the impact of COVID-19 on their business and one criterion related to innovation.

• The risk premium, wherever applicable, would be charged with prospective effect i.e. credit facilities sanctioned by MLIs on or after April 01, 2016 and covered under the Credit Guarantee Scheme.

• In respect of working capital accounts covered under the Credit Guarantee Scheme where original sanctions are prior to April 01, 2016 and the subsequent enhancements in the limits are on or after April 01, 2016, the earlier fixed rate structure (i.e. pre-revised structure) would continue to apply even for the enhanced portion.

• If your facility is with one of the pillar banks you may qualify for support under the Credit Guarantee Scheme.

• The cap of ₹200 lakh is the maximum guarantee coverage limit per borrower based on the outstanding credit facilities and the borrowers can avail incremental credit facilities (i.e. to the extent of reduction in the outstanding exposure limit) under Credit Guarantee Scheme of CGTMSE, subject to maximum cap of ₹200 lakh.

• There are therefore other windows available including the Partial Credit Guarantee Scheme and the Special Liquidity Facility.

• Under the Credit Guarantee Scheme state program (hereinafter referred to as the State Program), in case of imposing a penalty on the Borrower/Co-borrower for violation of any term or condition(s) of the State Program, the Borrower/Co-borrower shall repay the imposed penalty immediately.

• Good programmes and schemes should be adopted with such modifications as appropriate e.g. Credit Guarantee Scheme, Credit Linked Capital Subsidy scheme, SFURTI, PMEGP etc.

More Definitions of Credit Guarantee Scheme

Credit Guarantee Scheme means the Credit Guarantee Scheme for small business administered by the Central Bank;

Credit Guarantee Scheme means a scheme under section 5 of the Principal Act; “finance agreement” means—

Credit Guarantee Scheme or “CGS” means the credit guarantee scheme described in paragraph 18 of Schedule 5 to this Financing Agreement;

Credit Guarantee Scheme means the Credit Guarantee Scheme for small business adminis- tered on behalf of the Government by the Development Bank;

Credit Guarantee Scheme means a scheme under section 5 of the Principal Act;