CGTSI/ (44)/802

September 26, 2003

All the Member Lending Institutions (MLIs) of CGTSI

Circular No. 16 / 2003-04

Dear Sir / Madam,

Credit Guarantee Fund Scheme for Small Industries (CGFSI) Invocation of
Guarantee - Revised Claim Form for first instalment

Please refer to our Circular No.11 / 2003-04 dated July 3, 2003, regarding procedure for invocation of guarantee and preferment of claim. We have received requests from some MLIs for simplifying the claim form for invocation of guarantee. Based on their request and the discussions held with some of the operating offices of MLIs, it has been decided to modify the claim form. The revised format is enclosed herewith ( click here to download) and also provided on CGTSI web-site at www.cgtsi.org.in, which can be downloaded for use. We would like to clarify that the revised form has to be used for preferring claim for first installment only . The format for preferring second / final installment of claim against the guaranteed account will be made available to the MLIs shortly. The procedure for invocation of guarantee and all other stipulations mentioned in our Circular No.11 with respect to submission of claim along with the covering letter, etc. remain unchanged. Procedure for online submission will be informed in due course, however, MLIs are encouraged to submit the claim forms in floppies to facilitate faster processing by CGTSI. We would be happy to provide any clarification and receive suggestions for improving our services.

Please bring the contents of this circular to the notice of all the operating offices (Regional / Zonal Offices) of your bank / institution.

Yours faithfully,

Sd/-

(S N Sadhwani )

Dy. General Manager