CGTMSE / (44) /                                                                 February 08, 2010

 

All Member Lending Institutions of CGTMSE

Circular No. 58 / 2009 - 10

Dear Sir,

Credit Guarantee Scheme (CGS) - procedure for

Invocation of guarantee and preferment of claim

 

Please refer to our Circular No. 57/2009-10 dated November 05, 2009 wherein MLIs were allowed time upto January 31, 2010 for invocation of guarantee and preferment of claim. It is observed that some of the MLIs have not lodged the eligible claim till the stipulated date.

In view of the various representations received from MLIs for further extension of time period for preferment of claim, for the cases which have become NPA before the date of above circular it has been decided to extend the period upto February 28, 2010 to prefer the application fo claim. No further extension will be provided and MLIs are requested to prefer the claim without further delay.

2.      Please bring the contents of this Circular to the notice of all the operating offices of your Bank / Institution.

 

 

Kindly acknowledge receipt.

 

Yours faithfully,

Sd/-

(Mukesh Kumar)

Assistant General Manager