Ref.No.CGTMSE/(44)/1745 February 23,2016

All Member Lending Institutions (MLIs)
Attention: SME/Priority Sector Head of MLIs

Circular No. 112/2015-16

Madam / Dear Sir,

Modifications in Guarantee Application Form in CGTMSE Portal

As you may be aware, Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE) has been operating Credit Guarantee Scheme since August 2000. In order to make the operational mechanism of the Scheme more user friendly for its Member Lending Institutions (MLIs), the Trust has been carrying out modifications in its existing software based on the suggestions received from various MLIs. As a part of this exercise, we have carried out further modifications in on line "Guarantee Application Form" by inserting the provision for feeding following three details:

  1. Udyog Aadhaar Number
  2. Bank A/c Number
  3. IT PAN
  • Udyog Aadhaar Number - Although it is not a mandatory field, it is suggested to invariably feed this number, wherever available, as the same would be helpful in tracking the borrower's account.
  • Bank A/c Number - This is not a mandatory field for the present. However, the MLIs, in their own interest, are requested to feed the Borrower's Loan A/c Number/Cash credit A/c Number (TC/WC) in the relevant field in an application form at the time of application for guarantee cover. This provision has been made on the request of MLIs to facilitate them to track CGTMSE covered accounts, allocation of fees and also for monitoring of NPAs, timely claim lodgement etc. at HO/ZO-RO level of MLIs. .
  • IT PAN - Presently, the MLIs are mandatorily required to indicate the details of IT PAN of the borrower in the Application Form in respect of credit facilities of ` 10 lakh and above. It has now been decided to reduce the floor limit to ` 5 lakh and above considering overall exposure of the borrower i.e. the MLIs shall now furnish the details of IT PAN, in the Application Form, while lodging the applications for guarantee cover in respect of credit facility of ` 5 lakh and above. The feeding of IT PAN details have not been kept mandatory, for the present, for credit facilities of ` 5 lakh and above and upto less than ` 10 lakh. However, the IT PAN details would be mandatory for such credit facilities sanctioned by MLIs on or after April 01, 2016 and proposed to be covered under the Credit Guarantee Scheme of CGTMSE.

Please bring the contents of the letter to the notice of all your offices.

Yours faithfully,

General Manager