Interest Support Launched for Pre- and Post-Shipment Export Credit for MSMEsCollateral Guarantee for Export Credit Launched as Second Intervention to Improve MSME Access to FinancePosted On: 02 JAN 2026 6:16PM by PIB DelhiAs part of the initial rollout of the Export Promotion Mission, two key interventions under the NIRYAT PROTSAHAN sub-scheme have been launched to strengthen MSME exports and improve access to trade finance.The first intervention relates to interest subvention for pre- and post-shipment export credit, aimed at reducing the cost of export credit and easing working-capital constraints faced by MSME exporters. Under this intervention, interest subvention will be provided on pre- and post-shipment rupee export credit extended by eligible lending institutions. A base interest subvention of 2.75 per cent has been provided, with a provision for additional incentive for exports to notified under-represented or emerging markets, subject to operational readiness.The interest subvention will be applicable only to exports covered under a notified positive list of tariff lines at the Harmonised System six-digit level, covering approximately 75 per cent of India’s tariff lines and reflecting high MSME participation. An exporter-wise annual cap of ₹50 lakh per Importer Exporter Code (IEC) has been prescribed for FY 2025–26. The applicable rates will be reviewed bi-annually in March and September, taking into account domestic and global benchmarks.The positive list has been prepared using a transparent and data-driven methodology, prioritising labour-intensive and capital-intensive sectors, MSME concentration and value addition, while excluding restricted and prohibited items, waste and scrap, and products covered under overlapping incentive schemes. Defence and SCOMET-notified products have been included to support strategic exports. Detailed operational guidelines for this intervention will be issued by the Reserve Bank of India. A pilot rollout will be undertaken, with scope for refinement based on implementation feedback.The second intervention under NIRYAT PROTSAHAN relates to collateral support for export credit, aimed at addressing collateral constraints faced by MSME exporters and improving access to bank finance. Under this intervention, a collateral guarantee support for export credit is being introduced in partnership with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Guarantee coverage of up to 85 per cent will be provided for Micro and Small exporters and up to 65 per cent for Medium exporters, with a maximum outstanding guaranteed exposure of ₹10 crore per exporter in a financial year.This intervention is designed to complement existing credit guarantee mechanisms and to increase bank lending to export-oriented MSMEs. Detailed guidelines will be notified by CGTMSE, followed by a pilot phase and subsequent integration into a comprehensive revision of export promotion frameworks.The two interventions will be implemented on a pilot basis with continuous monitoring and data-driven refinements. Through the Export Promotion Mission, the Government aims to lower the cost of exporting, expand access to finance, strengthen India’s export brand and diversify export markets, thereby enabling Indian exporters, particularly MSMEs, to integrate more deeply into global value chains and contribute to sustained export-led growth.The Government of India has launched a range of interventions under the Export Promotion Mission, a flagship initiative approved by the Union Cabinet on 12 November 2025, with a total outlay of ₹25,060 crore for the period from FY 2025–26 to FY 2030–31. The Mission seeks to strengthen India’s export competitiveness with a sharp focus on MSMEs, first-time exporters and labour-intensive sectors, while supporting market diversification and promotion of value-added exports.The Export Promotion Mission is jointly implemented by the Department of Commerce, Ministry of MSME and Ministry of Finance. The Mission is structured around two integrated sub-schemes, namely NIRYAT PROTSAHAN, which focuses on enabling access to affordable and diversified trade finance, and NIRYAT DISHA, which supports non-financial enablers such as market access, branding, regulatory compliance, logistics and trade intelligence.***Abhishek Dayal/ Garima Singh/ Ishita Biswas(Release ID: 2210874)Visitor Counter : 10003Read this release in: Urdu , हिन्दी

Ministry of MSME launches a series of Digital Platforms to Strengthen India’s MSME Ecosystem; NSIC Elevated to Schedule 'A' CPSEDigital Inclusion expanded with Multilingual, Al-Enabled Services Across All 22 Scheduled Indian LanguagesMSME Day 2026 Showcased Government's Vision for a Resilient, Technology-Driven and Future-Ready MSME EcosystemPosted On: 27 JUN 2026 2:39PM by PIB DelhiThe Vice President of India, Shri C. P. Radhakrishnan, presided over the ‘MSME Day 2026–Udyami Bharat’ event at Dr. Ambedkar International Centre, New Delhi, today. The event was graced by Shri Jitan Ram Manjhi, Minister of Micro, Small and Medium Enterprises; Sushri Shobha Karandlaje, Minister of State for Micro, Small and Medium Enterprises; Shri Manoj Goel, Chairman, Khadi and Village Industries Commission (KVIC); and senior officials of the Ministry and its organizations. Policymakers, industry leaders, women entrepreneurs, financial institutions, academia and other key stakeholders from the MSME ecosystem also participated in the event.The event underscored the Government’s commitment to building a more resilient, technology-driven, competitive and future-ready MSME ecosystem. During the programme, the Vice President felicitated the National Small Industries Corporation (NSIC) on its upgradation from a Schedule ‘B’ to a Schedule ‘A’ Central Public Sector Enterprise (CPSE). On the occasion, Shri Guntuku Kameswara Prasad and Shri Pammina Satyanarayana, presented an exquisite sample of GI-tagged Ponduru Khadi to the Vice President, Shri C. P. Radhakrishnan, showcasing the rich heritage and exceptional craftsmanship of this traditional textile from Srikakulam district of Andhra Pradesh. A portrait of Vice President was also presented by COIR Board.The Vice President launched a series of transformative digital platforms, portals and publications aimed at empowering MSMEs across India. These included the PMEGP 2.0 Portal, SAMADHAAN 2.0 Portal, PMS Portal, MSME Global Mart 2.0 Portal, MSME Testing Portal, and MSME Idea Hackathon 6.0.On the occasion, the Vice President released a Coffee Table Book on the PM Vishwakarma Scheme, commemorating three years of the scheme and showcasing its transformative impact through inspiring success stories of artisans. A Book on the Self-Reliant India (SRI) Fund was also released, highlighting the Fund’s contribution to enterprise growth, employment generation, innovation and women entrepreneurship.The Ministry launched Multilingual Access on MSME Portals, enabling a multilingual and voice-enabled ecosystem across MSME websites and portals. The initiative provides access to MSME services in all 22 Scheduled Indian languages and includes AI-enabled voice grievance redressal and document translation facilities, thereby enhancing accessibility and digital inclusion.The Vice President said, “I convey my best wishes to the entrepreneurs and all the stakeholders shaping the MSME sector. I started my career in the MSME sector.”He highlighted that he began his professional journey with the Coir Board and was once an entrepreneur himself.He said, “If you are determined, nothing can stop you. You will definitely achieve your goals. Every economy in the world has grown through the contributions of the MSME sector. I congratulate Ministry of MSME, NSIC, KVIC and all the stakeholders contributing in the MSME sector, on the occasion of MSME Day.”The Vice President also launched a range of innovative and eco-friendly products developed by the Khadi and Village Industries Commission (KVIC). The products launched included Tukun (Infant Wear), Rangtaal (Table Runners and Mats), Bela (Infant Wrap Sheets), Vanya (Eri Stoles) and Umang (Wool Stoles).Shri Jitan Ram Manjhi, Union Minister for MSME, said, “The Government of India remains committed to building an ecosystem where every entrepreneur has an equal opportunity to innovate, grow, and contribute to nation-building.”“Our focus remains on formalisation, digital empowerment, easier access to finance, stronger market linkages, technology adoption, and innovation-led growth,” he added. Shri Manjhi, also congratulated and conveyed best wishes on the MSME Day.Sushri Shobha Karandlaje, Minister of State for MSME, said, “MSME sector is considered as the engine of growth of the Indian economy, and entrepreneurs are the drivers of this growth.”“The Ministry of MSME is providing digital support, skill development, technology, and marketing linkages”, she added.“You, the entrepreneurs, are partners in India’s development. MSME sector is much more than enterprises; they are dreams taking shape, ideas turning into enterprises, and hard work transforming lives,” she said.Shri Bharat Khera, Secretary, Ministry of MSME, presented an overview of the MSME sector, highlighting its role in India’s economic growth and outlining the key initiatives and schemes being implemented by the Ministry of MSME. He complimented all the stakeholders for contribution in MSME sector.The MSME Day celebrations concluded with two technical panel discussions on “Ushering a New Era of Women Entrepreneurship” and "The Role of Growth Capital in Building Scalable MSMEs.”***Sunil Kumar TiwariE-mail - hipessi[at]gmail[dot]com(Release ID: 2278392)Visitor Counter : 1968Read this release in: Urdu , हिन्दी , Tamil

It’s Business Accelerator Programme (BAP) is playing a transformative role in bridging enhanced capabilities with quantifiable business growth by providing structured mentorship, industry insights and targeted business interventionsFrom overcoming barriers to scaling up operations and participating in mainstream economic activities, BAP is helping enterprises unlock potential across sectors and geographies through focused supportPosted On: 03 JUL 2026 9:50AM by PIB DelhiDriving Inclusive Growth through the National SC-ST Hub SchemeThe National SC-ST Hub (NSSH) Scheme is a focused initiative designed to empower entrepreneurs from Scheduled Castes and Scheduled Tribes. By addressing barriers such as access to markets, finance, technology, lack of capacity and institutional networks, the scheme is helping these enterprises to enhance their competitiveness and sustainability. Beyond fostering public tenders’ participation, the NSSH is creating opportunities for long-term growth, resilience and greater visibility, enabling SC/ST entrepreneurs to integrate more effectively into the mainstream economy and contribute meaningfully to the nation’s economic progress. Capacity Building: Laying the Foundation for Enterprise GrowthAt the core of this transformation lies a strong emphasis on capacity building, which equips SC/STs with the tools and knowledge needed to thrive in structured, compliance-oriented markets. These programs go beyond conventional training by addressing critical aspects such as financial management, tender participation, pricing strategies, and regulatory understanding. This holistic approach not only enhances their preparedness for market participation but also fosters greater business confidence and resilience. Business Accelerator Programme (BAP): A Gateway to enhanced market opportunitiesBuilding on this foundation, the Business Accelerator Programme plays a transformative role in bridging enhanced capabilities with quantifiable business growth.  By providing structured mentorship, industry insights and targeted business interventions, the BAP helps entrepreneurs overcome critical challenges in business strategy, pricing, operational efficiency, and market.Across diverse sectors, BAP has enabled entrepreneurs to transition from fragmented approaches to well-defined, data-driven strategies, helping them align with market expectations and unlock access to larger opportunities, particularly in Government procurement. Stories of Transformation: Enterprises in ActionCreating Relevance in Compliance - Driven Markets - Story of M/s Safety & Security Engineering, West BengalOperating in the highly regulated fire safety industry, Mr. Debasish Mondal’s enterprise initially faced challenges related to pricing, market visibility and competitive positioning.  Despite having reliable products such as Fire Protection & Life Safety Equipments, the absence of a structured positioning strategy limited its growth.Through BAP at IIM Sambalpur, he gained clarity on pricing framework and cost structure, enabling a shift to a data-driven approach. This enhanced his competitiveness and market positioning, leading to successful participation in Government procurement and securing tenders worth ₹8.48 lakh from Power Grid Corporation of India Limited. Scaling Clean Energy – Story of M/s Renergy Solution Pvt. Ltd., AssamWith a strong technical foundation in renewable energy, the enterprise founded by Mr. Bhargav Deori had already established itself within the public procurement ecosystem and was actively securing solar installation opportunities for Government Institutions. However, the need to strengthen strategic direction and formalize business processes became critical to sustain and scale up growth.Through BAP, the M/s Renergy Solution Pvt. Ltd enterprise transitioned from experience-driven operations to a more professionally structured, market-oriented approach. This has enhanced its positioning, improved engagement with procurement platforms and strengthened its readiness to participate in Government tenders, enabling him to more effectively leverage opportunities and expand its impact in the renewable energy sector significantly with pubic/ Government buyers. Powering Motion with Precision: Story of Sawalaram Enterprises, MaharashtraShri Sunil Popatrao Jagtap, founder of Sawalaram Enterprises in Nashik, specializes in hydraulic cylinder manufacturing. After 18 years of working in an engineering firm, he launched his own manufacturing enterprise in 2010 and developed a robust hydraulic cylinder.To strengthen his business, he joined the Business Accelerator Program (BAP) at IIM Shillong, where he gained insights into business strategy and Government tenders. Leveraging the knowledge and insights gained through the program, he successfully secured a ₹5.10 lakh tender from the Steel Authority of India Limited (SAIL) for the supply of hydraulic cylinders. This achievement enhanced the enterprise’s business performance, expanded its market presence, and set it firmly on a path to a sustained growth. Looking Ahead: Scaling Opportunity, Sustaining Impact for Inclusive Growth.As these enterprises continue to grow, they are shaping a broader narrative of inclusive development, where entrepreneurship becomes a vehicle for empowerment and economic participation. From overcoming barriers to scaling up operations and participating in mainstream economic activities, these enterprises exemplify how focused support can unlock potential across sectors and geographies. The National SC-ST Hub Scheme is not only strengthening individual enterprises but also reshaping how inclusivity translates into meaningful economic progress through capacity building, guided support and strategic intervention as India envisions a viksitBharat @2047. For more information on SC-ST Hub scheme visit: https://www.scsthub.in/***Sunil Kumar TiwariEmail – hipessi[at]gmail[dot]com(Release ID: 2280604)Visitor Counter : 2423Read this release in: Urdu , हिन्दी , Assamese , Tamil , Telugu

Ref. No. CGTMSE /Circular/294February 6, 2026Member Lending Institutions (MLIs) of CGTMSE (CGS – I)- Public Sector Banks, Private Sector Banks, Foreign Banks and Lending Institutions.Circular No. 257/ 2025 – 26Madam / Dear Sir,Special Credit Guarantee Scheme – Collateral Support for Export Credit under Export Promotion Mission (EPM – Niryat Protsahan)CGTMSE, in collaboration with the Directorate General of Foreign Trade (DGFT), Department of Commerce, Ministry of Commerce and Industry, Government of India, has launched a Special Credit Guarantee Scheme titled “Collateral Support for Export Credit” for facilitating institutional export credit to eligible Micro, Small and Medium Enterprise (MSME) exporters under the Export Promotion Mission (EPM – Niryat Protsahan).Under the Scheme, the applicant shall first submit an online application indicating its intent to avail support prior to applying for export credit facility on the DGFT portal. Upon submission, a Unique Identification Number (UIN) shall be generated. Thereafter, the applicant shall approach an eligible Member Lending Institution (MLI) for sanction of the export credit facility by quoting the UIN. Upon completion of due diligence and sanction of the eligible export credit facility, the MLI shall submit the application to CGTMSE for availing guarantee coverage under the Scheme. CGTMSE shall verify the UIN through system-based integration with the DGFT portal and upon successful verification, extend guarantee coverage under the Scheme.It is hereby clarified that the verification and validation of the UIN, including confirmation of exporter eligibility, correctness of details, compliance with Scheme guidelines and linkage of the UIN with the sanctioned credit facility, shall rest solely with the concerned MLI.Under the Scheme, credit guarantee support shall be provided to eligible Member Lending Institutions (MLIs) in respect of export credit facilities sanctioned to eligible MSME exporters. The extent of guarantee coverage shall be 85% for Micro and Small Enterprises (MSEs) (75% by CGTMSE and 10% by DGFT). In respect of Medium Enterprises, the extent of guarantee coverage shall be 65%, which shall be fully supported by DGFT. MLIs shall not be required to approach DGFT separately, as CGTMSE shall issue guarantee and settle the entire claims under Scheme.The detailed Scheme Guidelines, including eligibility criteria, nature of credit facilities covered, guarantee coverage structure, fee structure, operational process, claim settlement mechanism and other related provisions are enclosed as Annexure I to this Circular.The contents of this Circular may please be brought to the notice of all your offices.Yours faithfully,Sd/-(Dhiraj Kumar)Deputy General ManagerAnnexure IEXPORT PROMOTION MISSION – NIRYAT PROSTAHANCollateral Support for Export Credit(also called as Special Credit Guarantee Scheme)Section 12.X- Collateral Support for Export Credit12.X.1. Objectivea. The objective is to facilitate access to formal credit for Micro, Small and Medium Enterprise (MSME) exporters, especially those lacking sufficient collateral, by providing credit guarantee support.b. This initiative under EPM aims to reduce the credit risk for lending institutions, enabling greater flow of export credit to MSME exporters.12.X.2. Scope and Coveragea. The initiative will provide guarantee support for working capital export credit extended by eligible Member Lending Institutions (MLIs) to MSMEs without collateral security and third-party guarantee. In the Partial Collateral Security / Hybrid Model, the MLIs will be allowed to obtain collateral security for a part of the credit facility, whereas the remaining part of the credit facility, can be covered under the Scheme.b. Guarantee support shall be available to eligible MSME exporters to obtain pre- and post-shipment export credit from the MLIs.c. The detailed operational framework, eligibility criteria, and procedures for application, approval and monitoring shall be specified in Chapter 12 of the Handbook of Procedures (HBP).HANDBOOK OF PROCEDURES (HBP)12.X.1. Eligibility, Scope and Coveragea. All MSME manufacturer exporters and merchant exporters holding a valid active Importer-Exporter Code (IEC) and a valid MSME Udyam Registration Number shall be eligible to receive collateral support for export credit.b. Export credit extended by lending institutions in accordance with the Reserve Bank of India (RBI) Master Directions on Pre- and Post-Shipment Export Credit shall qualify for support under this component.c. Collateral Support shall be available in respect of exports falling under a notified positive list of tariff lines at the Harmonised System (HSN) six-digit level.d. The positive list shall be reviewed periodically based on objective parameters such as sectoral MSME concentration, export concentration ratios, labour intensity, and other relevant considerations, and shall not be linked to minimum export threshold.12.X.2 Instrument SupportedSupport under this initiative shall be available to loans sanctioned without collateral security and third-party guarantee for export-related purposes and shall not apply to domestic working capital loans. However, in the Partial Collateral Security / Hybrid Model, the MLIs will be allowed to obtain collateral security for a part of the credit facility, whereas the remaining part of the credit facility, can be covered under the Scheme.12.X.3. List of Eligible Member Lending InstitutionsScheduled Commercial Banks (Public Sector Banks, Private Sector Banks, and Foreign Banks) and select Financial Institutions registered with Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) will be eligible as Member Lending Institutions (MLIs) under the Initiative. A list of eligible Member Lending Institutions is provided in Appendix-12C.12.X.4. Nature of Assistancea. Collateral guarantee coverage shall be provided up to a notified maximum percentage of the sanctioned loan amount under this intervention. For Micro and Small exporters, such collateral guarantee shall be extended in addition to, and not in substitution of, any guarantee coverage available under existing CGTMSE schemes. For Medium exporters, the collateral guarantee support shall be provided exclusively under this intervention.b. Support shall be extended at an annual guarantee fee as per the rates applicable under Credit Guarantee Scheme for Banks (CGS -I) of CGTMSE and as amended from time to time.c. The outstanding collateral guaranteed exposure for each beneficiary MSME exporter shall be capped at a specified level, as notified from time to time. The total amount of guarantees extended over the course of the year may exceed this cap, subject to settlement of earlier loans and issuance of fresh eligible credit facilities.Appendix - 12AGuidelines for Collateral Support for Export Credit1. Sub-Committee on Trade FinanceSub-Committee on Trade Finance (hereafter referred to as the ‘Sub-Committee’) shall be constituted for recommendation of activities and monitoring of implementation under Collateral Support for Export Credit. The composition of the Sub-Committee as decided by the DGFT.2. Implementing AgencyCredit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)3. Guidelines for Collateral Support for Export Credita. Collateral guarantee support will be provided in collaboration with CGTMSE. The details are as under:i. For Micro and Small Enterprises (MSEs)Guarantee Ceiling (INR)CGTMSE CoverageCoverage from the funds of the DGFTTotal Coverage10 crore75%10%85%ii. For Medium EnterprisesGuarantee Ceiling (INR)CGTMSE CoverageCoverage from the funds of the DGFTTotal Coverage10 crore-65%65%b. Cap on Guarantee: Guarantee coverage will be limited to export-related working capital loans up to a guarantee ceiling of ₹10 crore per borrower including credit guarantee issued against the borrower under all schemes of CGTMSE.c. On default, liability under this initiative will be limited to the coverage as per the table mentioned under Para 3(a)d. Guarantee coverage shall be restricted to export-related working capital facilities, subject to a notified overall guarantee ceiling per borrower. The aggregate guarantee exposure for a borrower—across this intervention and all other credit guarantee schemes operated by CGTMSE—shall not exceed the prescribed ceiling.Illustratively, where a borrower has already availed credit guarantee cover of ₹2 crore under existing CGTMSE schemes, the maximum additional guarantee coverage available to such borrower under the export credit collateral guarantee intervention shall be limited to the residual amount of ₹8 crore, within the overall ceiling of ₹10 crore.4. Intent Filling on DGFT Portala. Applicants shall submit an online application indicating their intent to avail support prior to applying for the export credit facility, via the online portal. A detailed procedure is provided in Annexure-I.b. The application shall include details of the firm, export products, and the preferred lending institutions for availing the export credit facility. Upon submission, a Unique Identification Number (UIN) shall be generated.c. The following documents are required for intent submission:i. Valid IEC (not suspended or cancelled)ii. Valid UDYAM certificate linked to IECiii. CA certificate validating the applicant’s annual revenue and export turnover for the past three financial yearsiv. Self-attested copy of export Purchase Orderd. Each declaration of intent shall remain valid until the end of the financial year.e. Applicants shall approach one of the eligible lending institutions with the UIN to apply for the export credit and collateral guarantee facility.5. Loan Sanction and Guarantee Coveragea. The lending institution shall assess the applicant’s creditworthiness using its internal evaluation mechanism.b. On sanctioning the loan, the Member Lending Institution (MLI) may apply for credit guarantee support to the CGTMSE.c. On receipt of application from MLI, the guarantee application will be approved by validating UIN issued on the online portal and unique CGPAN number would be allotted and Performa Invoice will be generated for annual guarantee fee.d. The CGTMSE shall issue credit guarantee to the lending institution upon receipt of the applicable fee and final invoice shall be generated.e. All other terms and conditions of CGS-I would apply mutatis mutandis under the initiative, and as modified from time to time. The details are given below:6. Responsibilities of lending institution under the initiative:a. The lending institution shall evaluate credit applications by using prudent banking judgement and shall use their business discretion / due diligence in selecting commercially viable proposals and conduct the account(s) of the borrowers with normal banking prudence.b. The lending institution shall closely monitor the borrower account.c. The lending institution shall safeguard the primary securities taken from the borrower in respect of the credit facility in good and enforceable condition.d. The lending institution shall ensure that the guarantee claim in respect of the credit facility and borrower is lodged with the Trust in the form and in the manner and within such time as may be specified by the Trust in this behalf and that there shall not be any delay on its part to notify the default in the borrowers account which shall result in the Trust facing higher guarantee claims.e. The payment of guarantee claim by the Trust to the lending institution does not in any way take away the responsibility of the lending institution to recover the entire outstanding amount of the credit from the borrower. The lending institution shall exercise all the necessary precautions and maintain its recourse to the borrower for entire amount of credit facility owed by it and initiate such necessary actions for recovery of the outstanding amount, including such action as may be advised by the Trust.f. The lending institution shall comply with such directions as may be issued by the Trust, from time to time, for facilitating recoveries in the guaranteed account, or safeguarding its interest as a guarantor, as the Trust may deem fit and the lending institution shall be bound to comply with such directions.g. The lending institution shall, in respect of any guaranteed account, exercise the same diligence in recovering the dues, and safeguarding the interest of the Trust in all the ways open to it as it might have exercised in the normal course if no guarantee had been furnished by the Trust.h. The lending institution shall refrain from any act of omission or commission, either before or subsequent to invocation of guarantee, which may adversely affect the interest of the Trust as the guarantor. In particular, the lending institution should intimate the Trust while entering into any compromise or arrangement, which may have effect of discharge or waiver of personal guarantee(s) or security.i. The lending institution shall also ensure either through a stipulation in an agreement with the borrower or otherwise, that it shall not create any charge on the security held in the account covered by the guarantee for the benefit of any account not covered by the guarantee, with itself or in favour of any other creditor(s) without intimating the Trust. Further the lending institution shall secure for the Trust or its appointed agency, through a stipulation in an agreement with the borrower or otherwise, the right to list the defaulted borrowers’ names and particulars on the Website of the Trust7. Annual Guarantee Fee (AGF)a. AGF will be charged on the guaranteed amount for the first year and on the outstanding amount for the remaining tenure of the credit facilities as detailed belowSlabStandard Rate (SR)*Fee Rate after Discount (-10%)Fee Rate with Risk Premium 15%Fee Rate with Risk Premium 30%Fee Rate with Risk Premium 50%Fee Rate with Risk Premium 70%0-10 lakh0.370.330.430.480.560.63Above 10-50 lakh0.550.500.630.720.830.94Above 50-1 crore0.600.540.690.780.901.02Above 1-2 crore0.850.770.981.111.281.45Above 2-5 crore1.000.901.151.301.501.70Above 5-8 crore1.100.991.271.431.651.87Above 8-10 crore1.201.081.381.561.802.04*AGF will be charged on the guaranteed amount for the first year and on the outstanding amount for the remaining tenure of the credit facility.The standard rate is across all activity including trading activity.b. CGTMSE had engaged the services of external agency to carry out the analysis of the portfolio of CGTMSE. The agency, inter alia, has also categorized the MLIs based on various critical factors such as NPA rate, claim rate, quick mortality ratio, net flows etc. Accordingly, depending on the degree of risk, MLI with better portfolio would be given the discount of 10% in standard rate whereas MLI with high risk associated would be charged maximum risk premium upto 70% of SR. MLI shall be individually informed on the applicable risk premium/discount as the case maybe. The Report on Applicable Risk Premium to MLI is made available in CGTMSE system.c. MLIs newly registered/which do not have sufficient history of transactions under CGTMSE will be placed at 70% risk premium for a period of at least 1 year.d. The review of Risk classification of MLI would be an annual exercise or at such interval as decided by the Trust. The review of Risk classification of MLI would be carried out by external agency or internally as decided by the Trust.e. The fee would be charged on outstanding basis i.e. First fee (guarantee fee) would be charged on guarantee amount and subsequent fee (annual fee) would be charged on outstanding amount.f. The total exposure of the MSE would be considered to arrive at the slab of the borrower and accordingly, applicable fee would be charged on the guarantee/outstanding amountg. The duration and process of calculation of annual guarantee fee shall remain same.h. The various scenarios/calculations for charging of fee at different level of fee rate and risk rate including additional relaxation is illustrated in Appendix-12B.i. Charging of fee on Outstanding basisa. In case of working capital loans, AGF would be calculated on present / expected Outstanding as provided by MLI.b. For cases covered under Hybrid Security Model, Guarantee fee will be charged on the guaranteed amount for the first year and on the outstanding amount after netting off collateral value and unsecured portion, if any, subsequently resulting in lower annual guarantee fee charged to MSEs.c. Online module for updating the outstanding amount in respect of eligible guaranteed loan accounts is made available between January 01- January 15 every year.8. Payment of AGFa. Annual Guarantee fee (first time fee) shall be paid to the Trust by the institution availing of the guarantee within 30 days from the date of first disbursement of credit facility (not applicable for Working capital) or 30 days from the date of Demand Advice (CGDAN) of guarantee fee whichever is later or such date as specified by the Trust.b. The Annual Guarantee fee (subsequent to first time fee) at specified rate (as specified above) on pro-rata basis for the first and last year and in full for the intervening years would be generated by 2nd week of February every year. AGF so demanded would be paid by the MLIs on or before 30th March each year or any other specified date by CGTMSE, of every year.c. The Annual Guarantee Fee shall be demanded in respect of all live covered accounts excluding the accounts where claim has been lodged in the system.d. Provided further that in the event of non-payment of annual service / guarantee fee within the stipulated time or such extended time that may be agreed to by the Trust on such terms, liability of the Trust to guarantee such credit facility would lapse in respect of those credit facility against which the service charges / fee are due and not paid.e. Provided further that, the Trust may consider renewal of guarantee cover for such of the credit facility upon such terms and conditions as the Trust may decide.f. In the event of any error or discrepancy or shortfall being found in the computation of the amounts or in the calculation of the guarantee fee / annual service fee, such deficiency / shortfall shall be paid by the eligible lending institution to the Trust together with interest on such amount at a rate of four per cent over and above the Bank Rate, or as may be prescribed by the Trust from time to time. Any amount found to have been paid in excess would be refunded by the Trust. In the event of any representation made by the lending institution in this regard, the Trust shall take a decision based on the available information with it and the clarifications received from the lending institution, and its decision shall be final and binding on the lending institution.g. The amount equivalent to the annual guarantee fee and / or the service fee payable by the eligible lending institution may be recovered by it, at its discretion from the eligible borrower.h. The annual guarantee fee and / or annual service fee once paid by the lending institution to the Trust is non-refundable except under certain circumstances like –i. Excess remittance,ii. Remittance made more than once against the same credit application,iii. Annual Guarantee fee & or annual service fee not due,iv. Annual Guarantee fee paid in advance but application not approved for guarantee cover under the initiative, etc.v. In case of pre-closure / request for refund, refund of proportionate annual guarantee fee (GF/AGF/ASF) will be allowed only where closure is marked in CGTMSE system / refund request is within 3 months from the date of receipt of fee by CGTMSE. To claim refund in case of pre-closure, it is mandatory to mark closure of account in the system. Any pre-closure marked / refund request received after 3 months from the date of receipt of fee by CGTMSE would not be considered.9. Revival of closed accountsIf the guaranteed account gets closed due to non-payment of AGF, the guarantee under the initiative shall not be available and request for revival of accounts/ delayed payment will be considered subject to the following conditions:i. Request for revival of account will have to be submitted within next financial year.ii. Account should be standard and regular as on date of submission of request for revival and the Trust reserves the right to reject the claim if the account turns NPA within 180 days from the date of revival of account.iii. Any fee due by the MLI (current and previous FY) will be demanded along with penal interest (@ 4% over Bank Rate, per annum) and additional risk premium @15% of standard rate or at such rates specified by the Trust from time to time, for the period of delay.10. Claims/Invocation of guarantee - NPA markinga. The Member Lending Institutions (MLIs) are required to inform the date on which the account was classified as NPA in a particular calendar quarter, by end of subsequent quarter.b. The lending institution may invoke the guarantee in respect of credit facility within a maximum period of 3 years from the NPA date or lock-in period whichever is later if the following conditions are satisfied: -i. The guarantee in respect of that credit facility was in force at the time of account turning NPA.ii. The lock-in period of 18 months for guarantee (or 9 months for guarantee upto ₹10 lakh with tenure upto 36 months) from either the date of last disbursement of the loan to the borrower or the guarantee start date in respect of credit facility to the borrower, whichever is later, has lapsed.iii. The amount due and payable to the lending institution in respect of the credit facility has not been paid and the dues have been classified by the lending institution as Non-Performing Assets. Provided that the lending institution shall not make or be entitled to make any claim on the Trust in respect of the said credit facility if the loss in respect of the said credit facility had occurred owing to actions / decisions taken contrary to or in contravention of the guidelines issued by the Trust.iv. The credit facility has been recalled, and the recovery proceedings have been initiated under due process of law. Mere issuance of recall notice under SARFAESI Act 2002 cannot be construed as initiation of legal proceedings for purpose of preferment of claim under CGS. MLIs are advised to take further action as contained in Section 13 (4) of the SARFAESI Act 2002 wherein a secured creditor can take recourse to any one or more of the recovery measures out of the four measures indicated therein before submitting claims for first instalment of guaranteed amount. In case the MLI is not in a position to take any of the action indicated in Section 13(4) of the aforesaid Act, they may initiate fresh recovery proceeding under any other applicable law and seek the claim for first instalment from the Trust.v. Initiation of legal proceedings as a pre-condition for invoking of guarantees shall be waived for credit facilities having aggregate outstanding up to ₹10,00,000/-.vi. The accounts classified by the Lending Institution as Fraud / Willful defaulter / Non-Co-operative borrower shall not be considered eligible for Claim Settlement.vii. The account slipping into NPA within 90 days from the material date shall not be considered eligible for Claim Settlement.viii. Claims of the respective MLI will be settled to the extent of 2 times of the fee including recovery remitted during the previous financial year. Any claim lodged / received exceeding 2 times of the total fee including recovery remitted by MLI will be suspended till such time the position is remedied i.e. payout is brought within the payout cap limit.ix. The claim should be preferred by the lending institution in such manner and within such time as may be specified by the Trust in this behalf.x. The Trust shall pay 75 per cent of the guaranteed amount on preferring of eligible claim by the lending institution, within 30 days, subject to the claim being otherwise found in order and complete in all respects. The Trust shall pay to the lending institution interest on the eligible claim amount at the prevailing Bank Rate for the period of delay beyond 30 days. The claim for balance 25 per cent of the guaranteed amount can be lodged after the completion of 3 years from the settlement of first claim or OTS (after the receipt of full and final OTS amount) whichever is earlier. On a claim being paid, the Trust shall be deemed to have been discharged from all its liabilities on account of the guarantee in force in respect of the borrower concerned. MLIs, however, should undertake to refund any amount received from the unit after payment of full guaranteed amount by CGTMSE.xi. In the event of default, the lending institution shall exercise its rights, if any, to take over the assets of the borrowers and the amount realized, if any, from the sale of such assets or otherwise shall first be credited in full by the lending institutions to the Trust before it claims the remaining 25 per cent of the guaranteed amount.xii. The lending institution shall be liable to refund the claim released by the Trust together with penal interest at the rate of 4% above the prevailing Bank Rate, if such a recall is made by the Trust in the event of serious deficiencies having existed in the matter of appraisal / renewal / follow-up / conduct of the credit facility or where lodgments of the claim was more than once or where there existed suppression of any material information on part of the lending institutions for the settlement of claims. The lending institution shall pay such penal interest, when demanded by the Trust, from the date of the initial release of the claim by the Trust to the date of refund of the claim.xiii. MLIs can update, allocate and remit the recoveries/ OTS amount received post settlement of first instalment of claim in the CGTMSE portal. In the Recovery Module, MLIs can allocate the CGPANs to generate RP Number and initiate payment by generating Virtual Account Number for remitting recovery related payment to CGTMSE.xiv. While online lodgment of first claim, MLIs have to submit the Declaration & Undertaking (D& U) electronically along with the checklist displayed in the system.xv. The Guarantee Claim received directly from the branches or offices other than respective operating-offices of MLIs through hardcopy will not be entertained.11. Claims/Invocation of guarantee - Settlement of second / final instalmenta. Second / final instalment can be lodged after the completion of 3 years from the settlement of first claim or OTS (after the receipt of full and final OTS amount) whichever is earlier.b. Claim settlement process shall be in two instalments i.e. 75% of eligibility amount as first instalment & balance 25% as second instalment. For legal waiver accounts, second instalment of claim -would be settled after three years from the date of settlement of 1st claim or OTS whichever is earlier.12. Subrogation of rights and recoveries on account of claims paida. The lending institution shall furnish to the Trust, the details of its efforts for recovery, realizations and such other information as may be demanded or required from time to time. The lending institution will hold lien on assets created out of the credit facility extended to the borrower, on its own behalf and on behalf of the Trust. The Trust shall not exercise any subrogation rights and that the responsibility of the recovery of dues including takeover of assets, sale of assets, etc., shall rest with the lending institution.b. In the event of a borrower owing several distinct and separate debts to the lending institution and making payments towards any one or more of the same, after the account turning into NPA, whether the account towards which the payment is made is covered by the guarantee of the Trust or not, such payments shall, for the purpose of this clause, be deemed to have been appropriated on proportionate basis by the lending institution based on total outstanding amount as on the date of NPA/recovery, to the debt covered by the guarantee and in respect of which a claim has been preferred and paid, irrespective of the manner of appropriation indicated by such borrower or manner in which such payments are actually appropriated. The same will be applicable even for OTS settlement of such accounts.c. Every amount recovered and due to be paid to the Trust shall be paid by the lending institution on pro-rata basis. In case where legal action has been initiated, legal expense (which includes only court fees and advocate fees) will be netted off from total recovered amount and then, amount on pro-rata basis has to be returned to the Trust.d. However, if an account is settled under OTS, and there are other loan accounts sanctioned by MLI but which are not covered under CGTMSE for the same borrower, then the MLI shall remit the OTS amount on the proportionate basis based on total outstanding amount as on OTS date.e. MLIs are required to provide a certificate from their Statutory Auditors in respect of remittance of recoveries made, post settlement of claims. MLIs can obtain the recovery certificate duly authenticated by their Head of Audit Department / Zonal/Regional Offices confirming remittance of entire recoveries netting off legal expenses, if any, and including refund of 1st claim, if any, to CGTMSE during the FY as per the format attached as Annexure V. Head Office of the respective MLI may consolidate the information so received from their MLIDs/Regional/Zonal/Circle Offices and submit the final consolidated certificate to CGTMSE duly signed by an authorized official not below the rank of General Manager. Such certificate for a particular FY must be submitted by MLIs by September 30th of the succeeding year.13. Miscellaneousa. Appropriation of amount received from the lending institutionsi. The amount received from the lending institutions shall be appropriated in the order in which the service fee / annual guarantee fee, penal interest and other charges have fallen due.ii. If the service fee / annual guarantee fee and the penal interest have fallen due on the same date, then the appropriation shall be made first towards service fee / annual guarantee fee and then towards the penal interest and finally towards any other charges payable in respect of the eligible credit facility.b. Appropriation of amount realized by the lending institution in respect of a credit facility after the guarantee has been invoked.i. Where subsequent to the Trust having released a sum to the lending institution towards the amount in default in accordance with the provisions contained in the Section 10 of this initiative, the lending institution recovers money subsequent to the recovery proceedings initiated by it, the same shall be deposited by the lending institution with the Trust, after adjusting towards the legal cost incurred by it for recovery of the amount.ii. The Trust shall appropriate the same first towards the pending annual service fee / annual guarantee fee, penal interest, and other charges due to the Trust, if any, in respect of the credit facility towards which the amount has been recovered by the lending institution, and the balance, if any, shall be appropriated in such a manner so that losses on account of deficit in recovery of the credit facility between the Trust and the lending institution are in same proportion in which guarantee has been extended.c. Trust's liability to be terminated in certain casesi. If the liabilities of a borrower to the lending institution on account of any eligible credit facility guaranteed under this Initiative are transferred or assigned to any other borrower and if the conditions as to the eligibility of the borrower and the amount of the facility and any other terms and conditions, if any, subject to which the credit facility can be guaranteed under the Initiative are not satisfied after the said transfer or assignment, the guarantee in respect of the credit facility shall be deemed to be terminated as from the date of the said transfer or assignment.ii. If a borrower becomes ineligible for being granted any credit facilities under the Initiative, by reason of cessation of his activity or his undertaking ceasing to come within the definition of a MSE unit, the liability of the Trust in respect of any credit facilities granted to him by a lending institution under the Initiative shall be limited to the liability of the borrower to the lending institution as on the date on which the borrower becomes so ineligible, subject, however, to the limits on the liability of the Trust fixed under this Initiative. However, notwithstanding the death or retirement of a partner where the borrower is a partnership firm or the death of one of the joint borrowers, if the lending institution is entitled to continue the credit facilities to the surviving partner or partners or the surviving borrower or borrowers, as the case may be and if the credit facilities have not already become non-performing asset, the guarantee in respect of such credit facilities shall not to be deemed to be terminated as provided in this paragraph.d. Returns and Inspectionsi. The lending institution shall submit such statements and furnish such information as the Trust may require in connection with any credit facility under this Initiative.ii. The lending institution shall also furnish to the Trust all such documents, receipts, certificates and other writings as the latter may require and shall be deemed to have affirmed that the contents of such documents, receipts, certificates and other writings are true, provided that no claim shall be rejected and no liability shall attach to the lending institution or any officer thereof for anything done in good faith.iii. The Trust shall, insofar as it may be necessary for the purposes of the Initiative, have the right to inspect or call for copies of the books of account and other records (including any book of instructions or manual or circulars covering general instructions regarding conduct of advances) of the lending institution, and of any borrower from the lending institution. Such inspection may be carried out either through the officers of the Trust or of SIDBI (in case of Institutions other than SIDBI) or any other person appointed by the Trust for the purpose of inspection. Every officer or other employee of the lending institution or the borrower, who is in a position to do so, shall make available to the officers of the Trust or SIDBI or the person appointed for the inspection as the case may be, the books of account and other records and information which are in his possession.e. Conditions imposed under the Initiative to be binding on the lending institutioni. Any guarantee given by the Trust shall be governed by the provisions of the Initiative as if the same had been written in the documents evidencing such guarantee.ii. The lending institution shall as far as possible ensure that the conditions of any contract relating to an account guaranteed under the Initiative are not in conflict with the provisions of the Initiative but notwithstanding any provision in any other document or contract, the lending institution shall in relation to the Trust be bound by the conditions imposed under the Initiative.f. Modifications and exemptionsi. The Trust reserves to itself the right to modify, cancel or replace the initiative so, however, that the rights or obligations arising out of, or accruing under a guarantee issued under the Initiative up to the date on which such modification, cancellation or replacement comes into effect, shall not be affected.ii. Notwithstanding anything contained herein, the Trust shall have a right to alter the terms and conditions of the Initiative in regard to an account in respect of which guarantee has not been issued as on the date of such alteration.iii. In the event of the Initiative being cancelled, no claim shall lie against the Trust in respect of facilities covered by the Initiative, unless the provisions contained in Clause (i) and (ii) of Section 10 of the Initiative are complied with by the lending institution prior to the date on which the cancellation comes into force.g. Interpretationi. If any question arises in regard to the interpretation of any of the provisions of the Initiative or of any directions or instructions or clarifications given in connection therewith, the decision of the Trust shall be final.h. Supplementary and general provisionsi. In respect of any matter not specifically provided for in this Initiative, the Trust may make such supplementary or additional provisions or issue such instructions or clarifications as may be necessary for the purpose of the Initiative.Appendix-12BList of Tariff Lines Eligible for Collateral Support for Export CreditAs decided by DGFT.Annexure 12CList of eligible Member Lending Institutions(Last Updated on November 30, 2025)PUBLIC SECTOR BANKS (12 nos.)PRIVATE SECTOR BANKS (22 nos.)FOREIGN BANK (7 nos.)LENDING INSTITUTIONS (10 nos.)BANK OF BARODAAXIS BANK LIMITEDBANK OF BAHRAIN AND KUWAITANDHRA PRADESH STATE FINANCIAL CORPORATIONBANK OF INDIABANDHAN BANK LIMITEDBARCLAYS BANK PLCDELHI FINANCIAL CORPORATIONBANK OF MAHARASHTRACATHOLIC SYRIAN BANKDBS BANKEXPORT IMPORT BANK OF INDIACANARA BANKCITY UNION BANK.DEUTSCHE BANKJAMMU & KASHMIR DEVELOPMENT FINANCE CORPORATION LTDCENTRAL BANK OF INDIADEVELOPMENT CREDIT BANK LTD.STANDARD CHARTERED BANKKERALA FINANCIAL CORPORATIONINDIAN BANKHDFC BANK LTD.SBM BANK (INDIA) LTDNATIONAL SMALL INDUSTRIES CORPORATION LTD.INDIAN OVERSEAS BANKICICI BANK LTD.HSBCNORTH EASTERN DEVELOPMENT FINANCE CORPORATION LTD.PUNJAB & SIND BANKIDBI BANK LTDSMALL INDUSTRIES DEVELOPMENT BANK OF INDIAPUNJAB NATIONAL BANKIDFC FIRST BANK LIMITEDTHE TAMIL NADU INDUSTRIAL INVESTMENT CORPORATION LTD.STATE BANK OF INDIAINDUSIND BANK LTD.NATIONAL COOPERATIVE DEVELOPMENT CORPORATIONUCO BANKKARNATAKA BANK LTD.UNION BANK OF INDIAKOTAK MAHINDRA BANK LTD.LAKSHMI VILAS BANKTAMILNAD MERCANTILE BANK LTD.THE DHANALAKSHMI BANK LTD.THE FEDERAL BANK LTD.THE JAMMU & KASHMIR BANK LTD.THE KARUR VYSYA BANK LTDTHE NAINITAL BANK LTD.THE RATNAKAR BANK LTD.THE SOUTH INDIAN BANK LTD.YES BANK LIMITEDAnnexure-IIntent Procedure for Collateral Support for Export CreditFollowing steps are to be followed by the applicant to fill and submit the intent form:Step I: Applicant should log in to the DGFT portal with the credentials.Step II: Click on “Services” tab on the portal.Step III: Select the option “Export Promotion Mission (EPM) under “Services” tab.Step IV: Click on Apply for EPM SchemesStep V: Click on “Start Fresh Application” tab.Step VI: Under Application Type tab, select “Collateral Support for Export Credit” and click on “Save & Proceed” tab.Step VII: Fill the following form:Basic DetailsFieldValue / Input TypeIEC NumberAuto PopulatedPANAuto PopulatedFirm NameAuto PopulatedDate of Birth /IncorporationAuto PopulatedIEC Issuance DateAuto PopulatedNature of Concern/FirmAuto PopulatedExporter TypeAuto PopulatedApplicant's Name *Input fieldApplicant's Contact *Input fieldAddress DetailsFieldValue / Input TypeBranch*Select from the listAddress Line 1Auto PopulatedAddress Line 2Auto PopulatedCityAuto PopulatedStateAuto PopulatedPin CodeAuto PopulatedDistrictAuto PopulatedMSME DetailsS. No.Registration NumberRegistration TypeDate of IssueIssuing AuthorityProduct for Which RegisteredMSME Type1Input fieldInput fieldInput fieldInput fieldInput fieldInput fieldAnnual TurnOver (last three years)FINANCIAL - YEARANNUAL TURNOVERANNUAL EXPORT TURNOVER2022-23Input fieldInput field2023-24Input fieldInput field2024-25Input fieldInput fieldAVERAGEInput fieldInput fieldDeclaration for updated profile*I/We have updated my/our profile in ANF-1 (My IEC profile)Save & ProceedOther DetailsFieldValue / Input TypeNumber of EmployeesNumber fieldWhether applicant is? (if applicable)SC/ST / WomenWhether applicant is from Northeastern/Hilly State?Yes / NoIf yes, please specify the name of the state & districtName of the Northeastern/Hilly StateInput fieldName of the DistrictInput fieldBank detailsNote:Please select only those banks which are validated. You may refer to the member lending institutions eligible for Collateral Support for Export Credit here.Your account with the bank should be validated in your IEC profile.The bank details displayed below are from your IEC Profile.In case the Bank Account details are not available / visible, please check and modify your IEC.SelectAccount NoAccount Holder NameIFSC CodeBank NameBranch NameSelect optionXXXXXXXXX428XXXXXXXXXXXXX23Bank of BarodaXXXXXSelect optionXXXXXXXXX534XXXXXXXXXXXXXXX41State Bank of IndiaXXXXXLoan DetailsLoan Applied for (in INR)Loan Reference Number (if already applied for loan)Tenure (in days)Estimated Interest Rate (in %)Input fieldInput fieldInput fieldInput fieldSave & proceedItem DetailsNote: Only one sector can be selected per application.SectorITC (HS) CodeITC (HS) Product DescriptionTechnical CharacteristicsCountry of ExportPlease select from the listPlease select from the listAuto PopulatedInput fieldInput fieldAddResetAttachmentsAttachment TypeRemarkPlease select from the listInput fieldNote: Maximum 5 Attachment of 5 MB Allowed (Only pdf,jpg are allowed)Upload AttachmentsSave & proceedDeclarationI/We hereby certify that:A. The entity for whom the application has been made have not been penalized/have been penalized under any of the following Acts (as amended from time to time):A. The Customs Act, 1962,B. The Central Excise Act 1944,C. The Central Goods and Services Tax Act, 2017D. Foreign Trade (Development & Regulation) Act 1992, andE. The Foreign Exchange Management Act,1999;F. Conversion of Foreign Exchange And Prevention of Smuggling Activities Act, 1974G. SEZ Acts and RulesB. None of the Directors/Partners/Proprietor/Karta/Trustees of the company/firm/HUF/Trust,(as the case may be), is/are a Director(s)/Partner(s)/Proprietor/Karta/Trustee in any iii. other Company/firm / entity which is on the Denied Entity List (DEL) of DGFT;C. Neither the Registered Office of the company/Head Office of the firm/ nor any of its Branch Office(s)/ Unit(s)/ Division(s) has been declared a defaulter and has otherwise been made in eligible for undertaking import / export under any of the provisions of the Policy;D. We have not obtained nor applied for issuance of an Importer Exporter Code Number in the name of our Registered / Head Office to any other Licensing Authority.I hereby declare that :i. I had provided all the details and that are true in my knowledge.ii. I had provided all the details of Subsidy/Incentive/Duty nullification Schemes that I had availed.iii. This application does not contain any ITC (HS) products which are ineligible under Collateral Support for Export Credit as specified in XXXXXXX, as amended from time to time.I/We undertake to abide by the provisions of the Foreign Trade (Development and Regulation) Act, 1992, as amended from time to time, the Rules and Orders framed there under, the Foreign Trade Policy, the Handbook of Procedures.I/We hereby certify that that particulars and statements made in this application are true and correct and nothing has been concealed or held therefrom.I hereby certify that I am authorized to verify and sign this declaration as per Paragraph 11.06 of the Foreign Trade Policy.We have not availed/availing benefits under Production Linked Incentive Scheme.I/We, hereby undertake that the annual credit guarantee amount availed by our organization shall not exceed INR 10 crore in this given financial year. We understand and acknowledge that this limit has been set by the relevant regulatory authorities to ensure fair distribution of benefits and resources among exporters.We understand that any violation of this undertaking may result in penalties, legal action, or the withdrawal of collateral benefits.Tick the box as acceptance of declaration/ undertaking and fill in the details below. *FieldValuePlaceAuto populatedDateAuto populatedUser Details(Note: If user profile are not updated, Please update your logged in user profile before submitting the application by clicking on your Username > Profile in the top right corner of website.)Save & proceed

Ref. No. CGTMSE /Circular/83June 15, 2026Member Lending Institutions (MLIs) of CGTMSE (CGS – I & II)Circular No. 262/ 2026 - 27Madam / Dear Sir,Special Provision for credit facilities on TReDS under Credit Guarantee SchemeIn order to address the issue of delayed payments and facilitate timely access to working capital for Micro and Small Enterprises (MSEs), CGTMSE has introduced a Special Provision for Credit Facilities on Trade Receivables Discounting System (TReDS) under the Credit Guarantee Scheme. This initiative will empower MSE sellers by realising their unpaid sales invoices into instant liquid cash, eliminating the delays caused by lengthy buyer payment cycles.The Trust shall cover Factoring Units (FUs) discounted by MLIs on the TReDS platforms in respect of MSE Buyer and Seller only. Both the Seller and Buyer should be classified as Micro or Small Enterprises (MSEs) as defined under the MSMED Act, 2006.Guarantee coverage shall be available only where the MSE Buyer is not overdue on any of the TReDS platforms as on the date of discounting of the Factoring Unit.The detailed Scheme Guidelines, including eligibility criteria, guarantee coverage, fee structure, operational process, claim settlement mechanism, recovery provisions and other related operational instructions, are enclosed as Annexure to this Circular. All other terms and conditions of the CGS - I and CGS – II shall be applicable mutatis mutandis to Banks and NBFCs respectively under the Special Provision.The contents of this Circular may please be brought to the notice of all your offices.Yours faithfully,Sd/-(Dhiraj Kumar)Deputy General ManagerAnnexureSpecial Provision for credit facilities on TReDS under Credit Guarantee SchemeGuidelines1. Eligibility Criteria• The credit facilities without collateral security and third-party guarantee/s will only be eligible for coverage under the Special provision.• The Seller and Buyer must fall under the Micro and Small Enterprise (MSE) category as defined under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act).• Member Lending Institutions (MLIs) registered with Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) and participating on TReDS platform shall be eligible for guarantee coverage.• Other Financiers registered on TReDS Platform will be made eligible for coverage under the Special Provision on a case-to-case basis subject to meeting the eligibility criteria as may be decided by the Trust from time to time. The registration criteria for becoming Member Lending Institution (MLI) of CGTMSE for Banks and NBFCs will be as per the extant guidelines of CGS – I and CGS-II respectively.• The Trust shall cover Factoring Units (FUs) discounted by MLIs on the TReDS platforms. The guarantee shall be made available for both factoring and reverse factoring transactions.• MLIs will adhere to the guidelines of their respective institutions for lending on the TReDS platform.• Coverage shall be available only if the Buyer is not overdue on any TReDS platform as on the date of discounting of FU.• If a Buyer has any overdue on any TReDS platform, as on the date of guarantee coverage, the Buyer shall not be eligible for coverage across all TReDS platforms till the overdue is cleared in full.• Guarantee shall apply to all eligible Factoring Units (FUs) containing invoices which are not older than 30 days from the date of introduction of the Special Provision.2. Exposure• The maximum exposure per MSE Buyer on revolving basis shall be ₹10 crore which will be aggregate of exposures on all TReDS platforms and credit guarantee issued against the Buyer under all schemes of CGTMSE.• The maximum exposure per MSE Seller on revolving basis shall be ₹2 crore which will be aggregate of exposures on all TReDS platforms.• The maximum exposure to the MLI will be decided by the Trust.3. Extent of Guarantee Coverage• The extent of guarantee coverage shall be 75% of the amount in default.• Partial retirement of a Factoring Unit (FU) shall be permitted.4. Guarantee Fee StructureGuarantee fee for Banks (MLIs) will be as per CGS – I which is given as under:Guarantee Slab (₹)Standard Rate (SR) of Annual Guarantee Fee (% p.a.)*0 - 10 lakh0.37Above 10 lakh -50 lakh0.55Above 50 lakh -1 crore0.60Above 1 crore -2 crore0.85Above 2 crore -5 crore1Above 5 crore -8 crore1.10Above 8 crore -10 crore1.20*Risk Premium will be charged on Standard Rate as applicable to respective Banks (MLIs).• Guarantee fee for NBFC will be as per CGS – II guidelines.• Additional concession in guarantee fee based on the category of the borrower/geography/MSE status (ZED category) will be extended as per the extant guidelines of CGS – I and CGS – II.5. Guarantee validity/periodThe guarantee shall commence from the date of receipt of the guarantee fee and remain valid up to the maturity date of the Factoring Unit (FU) plus 91 days, thereby ensuring that the NPA period falls within the guarantee coverage.6. Lock-in & Invocation Period• A lock-in period of 60 days from the date of NPA shall apply. MLI will not be able to invoke the guarantee during this period.• MLIs may invoke the guarantee within a maximum period of 18 months from the expiry of lock-in period.7. Claim Settlement Mechanism• The MLI / Financier shall invoke the guarantee after recovery proceedings have been initiated under due process of law.• Waiver of initiation of legal action for lodgement of claims shall be as per the extant guidelines of CGS – I (for Banks) and CGS – II (for NBFCs).• Claims shall be settled in two tranches:▪ 75% as the first installment.▪ Remaining 25% after completion of 6 months from the date of settlement of first installment of claim or OTS (after the receipt of full and final OTS amount) whichever is earlier.• The first instalment of the claim shall be paid after invocation of the guarantee.• The payout cap for any given year will be calculated at 2 times of the total receipts (i.e. guarantee fee plus recoveries post 1st claim settlement paid to CGTMSE) during the previous financial year passed on to CGTMSE by the MLI. The grand total payout cap in respect of an MLI will be sum of cap payout under the special provision and cap payout under respective Credit Guarantee Schemes i.e CGS- I for Banks and CGS – II for NBFC.8. NPA and Post-Claim Restrictions• In respect of guaranteed accounts, if the Buyer defaults and the account slips into NPA, then the Buyer shall not be eligible for guarantee coverage on any of the TReDS Platforms. If the account is subsequently upgraded to Standard then the Buyer shall be eligible for coverage on all TReDS platforms provided it is not overdue on any of the TReDS platform.• Any Buyer against which the claim is settled by CGTMSE shall not be eligible for guarantee coverage on all the TReDS Platforms. However, if the entire settled claim amount is returned by the MLI to the Trust and the Buyer’s account is not overdue on any of the TReDS Platforms, then the Buyer shall be eligible for guarantee coverage.9. RecoveryAny recovery made by the MLI post claim settlement will have to be returned to CGTMSE on proportionate basis after netting-off legal expenses, if any (in the ratio of extent of guarantee coverage). eg: if the recovery amount is ₹100/-, legal expense is ₹4/-, ₹72/- [75% of (₹100-₹4)] will have to be remitted to CGTMSE as the guarantee coverage is 75%.10. AssignmentThe guarantee is non-transferable, hence, assignment will not be allowed.11. IT InfrastructureCGTMSE portal will be integrated with all the TReDS Platforms through API and the availability of guarantee will be made visible on the TReDS platform at the time of auction of FU.12. General Provisions• In case, internal guidelines of respective MLIs are contradictory to the guidelines of the special provision on TReDS, the guidelines of the special provision on TReDS shall take precedence.• The Trust reserves the right to accept or reject any proposal of guarantee / any Buyer referred by MLI (Financier) which otherwise satisfies the norms of the Scheme.The Special Provision shall come into effect from the date of approval by Reserve Bank of India (RBI) allowing CGTMSE to operate on TReDS platforms.

RBI/2025-26/206FIDD.MSME & NFS.BC.No.12/06.02.31/2025-26February 09, 2026Lending to Micro, Small & Medium Enterprises (MSME) Sector (Amendment) Directions, 2026Please refer to the Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector (Updated as on July 23, 2025) (hereinafter referred to as “the Directions”).2. On a review, in exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby, issues the Amendment Directions hereinafter specified.3. The Amendment Directions modify the Directions as below:i. Paragraph 4.1 shall be substituted by the following, namely:-“4.1 CollateralBanks are mandated not to accept collateral security in the case of loans up to ₹20 lakh extended to units in the MSE sector. Banks are also advised to extend collateral-free loans up to ₹20 lakh to all units financed under the Prime Minister Employment Generation Programme (PMEGP) administered by KVIC.Banks may, on the basis of good track record and financial position of the MSE units, increase the limit to dispense with the collateral requirement for loans up to ₹25 lakh as per their internal policy.Banks may avail the benefit of Credit Guarantee Scheme cover, where applicable.However, accepting gold and silver as collateral pledged voluntarily by borrowers for loans sanctioned by the banks upto the collateral free limit, will not be construed as a violation of the above mandate”.ii. Paragraph 6.5 shall stand deleted.4. The above amendment shall come into force for all loans to MSE borrowers sanctioned or renewed on or after April 01, 2026.Yours faithfully(R Giridharan)Chief General Manager

RBI/FIDD/2025-26/196FIDD.CO.PSD.BC.No.11/04.09.001/2025-26January 19, 2026Reserve Bank of India (Priority Sector Lending – Targets and Classification) (Amendment) Directions, 2026Please refer to the Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2025 (hereinafter referred to as “the Directions”).2. On a review, in exercise of the powers conferred by Sections 21 and 35A read with Section 56 of the Banking Regulation Act, 1949, and all other provisions / laws enabling the Reserve Bank of India (hereinafter called the Reserve Bank) in this regard, the Reserve Bank, being satisfied that it is necessary and expedient in the public interest to do so, hereby issues the Amendment Directions hereinafter specified.3. The Amendment Directions modify the Directions as below:i. Item no. V in the table at paragraph 6.1 shall be partially modified as below:“Eligible amount for exemptions on issuance of long-term bonds for infrastructure and affordable housing as per circular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014 Reserve Bank of India (Resource Raising Norms) Directions, 2025 as applicable to Commercial Banks and Small Finance Banks.”ii. Paragraph 6.1 shall be partially modified by adding a footnote to item VI of the table at para 6.1:“The incremental advances extended out of the resources generated from the eligible incremental FCNR(B)/NRE deposits is calculated as the difference between outstanding advances in India as on March 7, 2014 (June 13, 2014, in case of UCBs) and the Base Date (July 26, 2013). The amount to be excluded from ANBC for computation of priority sector targets will not exceed incremental FCNR (B) / NRE deposits eligible for exemption from maintenance of CRR / SLR in terms of the circulars mentioned above. In case, the difference in the amount outstanding is zero or negative, no amount would be eligible for deduction from ANBC for the purpose of arriving at the priority sector lending targets.”iii. Paragraph 6.2 shall be partially modified as below:“For the purpose of calculation of Credit Equivalent of Off-Balance Sheet Exposures (CEOBSE), banks shall be guided by the circular on ‘Large Exposures Framework’ issued by Department of Regulation, RBI vide DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 and as updated from time to time. UCBs shall be guided by the relevant provisions of the Master Circular dated April 20, 2023 on ‘Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)’ issued by Reserve Bank of India Reserve Bank of India (Commercial Banks - Concentration Risk Management) Directions, 2025, and Reserve Bank of India (Prudential Norms on Capital Adequacy) Directions, 2025, as applicable to Small Finance Banks, Urban Co-operative Banks and Regional Rural Banks. In the case of Local Area Banks, for the purpose of calculation of credit risk exposure attached to off-balance sheet items, banks may refer to Reserve Bank of India (Local Area Banks – Prudential Norms on Capital Adequacy) Directions, 2025.”iv. Paragraph 6.3 shall be partially modified as below:“SFBs shall be further guided by Para 6.5 (ii to vii) of the Operating Guidelines for Small Finance Banks issued by Department of Regulation (RBI/2016-17/81 DBR.NBD. No.26/16.13.218/2016-17 dated October 06, 2016), by the following pertaining to treatment of grandfathered loans, for computation of ANBC:The provisions in Paragraph C.10.33 of Reserve Bank of India (Small Finance Banks – Licensing) Guidelines, 2025 will apply to cases where an existing NBFC/MFI sets up a SFB and transfers its business to the SFB. apart from conversion cases.The lending banks will be permitted to avail the PSL classification for the loans made to such NBFCs, as long as the assets financed out of such loans are PSL eligible assets. This dispensation to the lending banks would be extended only up to the extent of actual outstanding balance supported by existing underlying assets as on the opening balance sheet of the SFB, and only till repayment of underlying loans.The assets financed out of the above loans from the banks would not be reckoned for the ANBC for priority sector calculation for the SFB, to the extent the lending bank enjoys PSL status on such grandfathered loans.Any fresh assets created out of such outstanding grandfathered lending or any fresh assets created by the SFB post commencement of operations, in general, would be reckoned in the ANBC of the SFBs and the PSL norms as applicable to SFBs would kick in.The above treatment would be applicable for grandfathered borrowings in the cases of converting entities as well.The first audited balance sheet as on March 31st post commencement of operations of the SFB would form the basis for the first PSL target for the SFB (for the subsequent year).”v. The table at para 7.1 shall be partially modified as below:CategoriesTargets/ Sub-targetsDomestic Commercial Banks (excl. RRBs & SFBs) & Foreign Banks with 20 branches and aboveForeign Banks with less than 20 branchesRegional Rural BanksSmall Finance BanksTotal Priority Sector40 per cent of ANBC as computed in para 6 above or CEOBSE, whichever is higher.40 per cent of ANBC as computed in para 6 above or CEOBSE, whichever is higher; out of which up to 32% can be in the form of Export Credit and not less than 8% can be to any other priority sector.75 per cent of ANBC as computed in para 6 above or CEOBSE, whichever is higher. However, lending to Medium Enterprises, Social Infrastructure and Renewable Energy shall be reckoned for priority sector achievement up to 15 per cent of ANBC only.75 60 per cent of ANBC as computed in para 6 above or CEOBSE, whichever is higher.vi. Paragraph 9.3(iv) shall stand deleted.vii. Paragraph 10.2(iv) shall stand deleted.viii. Paragraph 11(i) shall be partially modified as below:“Export credit includes pre-shipment and post-shipment export credit (excluding off-balance sheet items) as defined in Master Circular on Rupee / Foreign Currency Export Credit and Customer Service to Exporters, issued vide DBR No.DIR.BC.14/04.02.002/2015-16 dated July 1, 2015 and updated from time to time. Reserve Bank of India (Credit Facilities) Directions, 2025, as applicable to Commercial Banks, Small Finance Banks and Urban Co-operative Banks.”ix. Paragraph 11(ii) shall be partially modified as below:“Export credit to agriculture and MSMEs shall be eligible for classification as PSL in the respective categories and subject to the aggregate limits mentioned therein.”x. Paragraph 13 shall be partially modified with the insertion of the following note at the end of the paragraph:“Note: Banks may refer to the population at the level of ‘Urban Agglomerations’ (U.A.s)/ Towns as given in the Table “A-04” of the Census 2011 for determining adherence to the population-based classifications. For housing loans to properties situated in villages/rural areas (which are not part of the Table A-04 of the Census 2011), the loan limits as per “Centres with population below 10 lakh” may be adhered to.”xi. Paragraph 14.2 shall be partially modified as below:“Loans up to a limit of ₹12 crore per borrower for building health care facilities in Tier II to Tier VI centres. In case of UCBs, the equivalent centres are those in Category ‘D’ with population of less than 1 lakh.”xii. Paragraph 16(i) shall be partially modified as below:“Microfinance loans provided directly by banks to individuals and individual members of SHGs/JLGs satisfying the criteria as prescribed in Master Direction on Regulatory Framework for Microfinance Loans Directions, dated March 14, 2022 Reserve Bank of India (Credit Facilities) Directions, 2025, as applicable to Commercial Banks, Small Finance Banks, Regional Rural Banks, Urban Co-operative Banks and Local Area Banks.”xiii. Item no. iii of the table at paragraph 17.1 shall be partially modified as below:“Beneficiaries under Government Sponsored Schemes such as National Rural Livelihood Mission (NRLM), National Urban Livelihood Mission (NULM) and Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS)”xiv. Item no. vii of the table at paragraph 17.1 shall be partially modified as below:“Individuals and individual members of SHGs/JLGs satisfying criteria as prescribed in Master Direction on Regulatory Framework for Microfinance Loans Directions, dated March 14, 2022 availing microfinance loans satisfying the criteria as prescribed in Reserve Bank of India (Credit Facilities) Directions, 2025, as applicable to Commercial Banks, Small Finance Banks, Regional Rural Banks, Urban Co-operative Banks and Local Area Banks.”xv. Paragraph 18(i) shall be partially modified as below:“The assets are originated by banks and financial institutions and are eligible to be classified as priority sector advances prior to securitisation and fulfil the Reserve Bank of India guidelines on ‘Securitisation of Standard Assets’ issued vide Master Directions DOR.STR.REC.53/21.04.177/2021-22 dated September 24, 2021 as updated from time to time. provisions of Reserve Bank of India (Securitisation Transactions) Directions, 2025, as applicable to various entities”xvi. New paragraph 18A shall be inserted after paragraph 18 of the said Directions as below:“To ascertain priority sector status of the underlying portfolio, banks may rely on a combination of any external auditors’ certification provided by the originating entity and conduct of sample check by their own staff or by an auditor for the purpose. This may be specified in their internal policy.”xvii. Note at the paragraph 18 shall be partially modified as below:“Note: The provisions of para 18 are not applicable to SFBs, LABs, RRBs and UCBs.”xviii. Paragraph 19(i) shall be partially modified as below:“The assets are originated by banks and financial institutions and are eligible to be classified as priority sector advances prior to the purchase and fulfil the Reserve Bank of India guidelines on ‘Transfer of Loan Exposures’ issued vide Master Directions DOR.STR.REC.51/21.04.048/2021-22 dated September 24, 2021 as updated from time to time provisions of the Reserve Bank of India (Transfer and Distribution of Credit Risk) Directions, 2025, as applicable to Commercial Banks and Small Finance Banks.”xix. Note at the paragraph 19 shall be partially modified as below:“Note: The provisions of para 19 are not applicable to LABs, RRBs and UCBs.”xx. Paragraph 20(i) shall be partially modified as below:“IBPCs bought by banks, on a risk sharing basis, are eligible for classification under the respective priority sector categories, provided the underlying assets are eligible to be classified under the respective categories and the banks fulfil the Reserve Bank of India guidelines on IBPCs issued vide circular DBOD.No.BP.BC.57/62-88 dated December 31, 1988 and updated from time to time the relevant provisions of the Reserve Bank of India (Transfer and Distribution of Credit Risk) Directions, 2025, as applicable to Commercial Banks and Small Finance Banks.”xxi. Note at the paragraph 20 shall be partially modified as below:“Note: The provisions of para 20 are not applicable to LABs, RRBs and UCBs.”xxii. Paragraph 21 shall be partially modified as below:“Banks are permitted to purchase/sell PSLCs in terms of Reserve Bank of India guidelines on Priority Sector Lending Certificates issued vide Circular FIDD.CO.Plan.BC.23/04.09.001/2015-16 dated April 7, 2016 read with Circular FIDD.CO.PSD.BC.No.12/04.09.001/2024-25 dated March 24, 2025 as detailed in Annex IIIA. The net nominal value of the PSLCs issued and purchased will be eligible for classification under the respective priority sector categories provided the underlying assets originated by banks are eligible to be classified as priority sector advances. SFBs shall further be guided by the terms and conditions specified in Para 1.9 of DBR circular No. DBR.NBD.26/16.13.218/2016-17 dated October 6, 2016 on credit risk transfer and portfolio sales/purchases are permitted to purchase PSLCs only for the specific purpose of meeting the PSL sub-targets within the overall PSL target.xxiii. A New Annex IIIA providing details of the Priority Sector Lending Certificate (PSLC) Scheme shall be inserted.xxiv. Paragraph 22 shall be partially modified as below:“Loans disbursed by banks to MFIs under para 22 (i) and 22 (ii) below are eligible for categorisation as priority sector advances under respective categories viz., Agriculture, MSME, Social Infrastructure and Others, provided the MFIs adhere to the conditions prescribed in Chapter II (xx) and Chapter VIII of Master Directions DNBR PD.007/03.10.119/2016-17 and Chapter II (xx) and Chapter IX of Master Directions DNBR PD.008/03.10.119/ 2016-17 dated September 1, 2016, as updated from time to time Reserve Bank of India (Non-Banking Financial Companies – Microfinance Institution) Directions, 2025 and banks obtain external auditors’ certificates from MFIs confirming that on-lending benefit in respect of these loans has not been claimed from any other bank”xxv. New Sr. no. iii shall be inserted at paragraph 23 as below:“(iii) Banks shall obtain external auditors’ certificates from the NBFCs confirming that on-lending benefit in respect of such loans has not been claimed from any other bank.”xxvi. Paragraph 24 shall be partially modified as below:“Bank credit to Housing Finance Companies (HFCs), approved by NHB for their refinance, for on-lending for the purpose of purchase/construction/reconstruction of individual dwelling units or for slum clearance and rehabilitation of slum dwellers, will be eligible for classification as PSL subject to an aggregate loan limit of ₹20 lakh per borrower, under ‘Housing’ category. Banks shall maintain necessary borrower-wise details of the underlying portfolio and obtain external auditors’ certificates from the HFCs, confirming that on-lending benefit in respect of such loans has not been claimed from any other bank.”xxvii. New paragraph 24A shall be inserted after paragraph 24 as below:“24A. Bank loans to NCDC for on-lendingBank credit to National Co-operative Development Corporation (NCDC) for on-lending to co-operative societies for purposes and activities as laid down in this Master Direction will be eligible for classification as priority sector lending under the respective categories. This is subject to NCDC furnishing quarterly certificates by a CAG1 empanelled chartered accountant firm, to the lending banks, confirming that the bank credit has been utilized for extending loans to co-operative societies for PSL eligible purposes and that on-lending benefit in respect of such loans has not been claimed from any other bank.Note: (i) The provisions of para 24A are applicable to loans sanctioned by banks to NCDC after January 19, 2026.(ii) The provisions of para 24A are not applicable to RRBs, UCBs, SFBs and LABs.”xxviii. Paragraph 25 shall be partially modified as below:“Bank credit to NBFCs (including HFCs) and NCDC for on-lending as applicable in para 23, 24 and 24A above, will be eligible for PSL classification up to an overall limit of 5% of individual bank’s total priority sector lending of the previous financial year. Banks shall determine adherence to the prescribed cap by averaging the eligible portfolio under on-lending mechanism across four quarters of the current financial year. In case of a newly licensed bank, the cap shall be applicable on an on-going basis during its first year of operations.”xxix. Paragraph 26 shall be substituted as below:“26. Co-lendingBanks are permitted to enter into co-lending arrangements for lending to priority sectors as per Reserve Bank of India (Commercial Banks – Transfer and Distribution of Credit Risk) Directions, 2025. Loans extended as per circular FIDD.CO.Plan.BC.No.8/04.09.01/2020-21 dated November 5, 2020 on Co-Lending by Banks and NBFCs to Priority Sector and as per circular No. FIDD.CO.Plan.BC.08/04.09.01/2018-19 dated September 21, 2018 on Co-origination of loans by Banks and NBFCs for lending to priority sector, shall continue to be eligible for priority sector classification till repayment/ maturity, whichever is earlier.Note: The provisions of para 26 are not applicable to RRBs, UCBs, SFBs and LABs.”xxx. The reporting formats at paragraph 28(ii) shall be updated:“The data on priority sector advances shall be furnished by banks at quarterly and annual intervals as per the respective reporting format, within fifteen days and one month, respectively from the end of each quarter and financial year.”xxxi. Paragraph 30(i) shall be partially modified as below:“Rate of interest: The rates of interest charged on loans shall be in accordance with the Master Direction – Reserve Bank of India (Interest Rate on Advances) Directions, 2016, as amended from time to time Reserve Bank of India (Interest Rate on Advances) Directions, 2025, as applicable to Commercial Banks, Small Finance Banks, Regional Rural Banks, Local Area Banks and Urban Co-operative Banks.”xxxii. Paragraph 30(ii) shall be partially modified as below:“Service charges: No loan related charges (including guarantee fees of credit guarantee schemes), and ad hoc service charges/inspection charges shall be levied on priority sector loans up to ₹50,000. In the case of eligible priority sector loans to SHGs/JLGs, this limit will be applicable per member and not to the group as a whole.”xxxiii. The following districts are deleted from Annex IA:Sl. NoStateDistrict name144RajasthanNeem Ka Thanaxxxiv. The following districts are deleted from Annex IB:Sl. NoStateDistrict name157RajasthanGangapurcity158RajasthanJodhpur Rural160RajasthanSanchore4. The above amendment shall come into force with immediate effect.Yours faithfully,(Nisha Nambiar)Chief General Manager-in-Charge