Bank Guarantee Charges Reimbursement Scheme
Under the Ministry Of Micro, Small & Medium Enterprises, Bank Guarantee Charges Reimbursement Scheme is a sub scheme under National Scheduled Caste and Scheduled Tribe Hub (NSSH) scheme.
About the Bank Guarantee Charges Reimbursement Scheme Scheme
Under the the Ministry Of Micro, Small & Medium Enterprises, Bank Guarantee Charges Reimbursement Scheme is a sub scheme under National Scheduled Caste and Scheduled Tribe Hub (NSSH) scheme. In this reimbursement is provided to SC/ST MSEs on bank charges paid to the bank for issuance of Performance Bank Guarantee (PBG) in favor of the buyer departments from where some work has been awarded to such MSEs.
Benefits
- The assistance under this scheme will be limited to 80% or ₹ 1,00,000/- (excluding GST and all other applicable taxes), whichever is less, on PBG charges paid in a financial year.
Eligibility Criteria
- Applicant should belong to the Scheduled Caste / Scheduled Tribe category.
- He/she should represent/own any MSEs unit.
- MSEs availing loans from any Scheduled Commercial Banks, Non-Banking Finance Companies (NBFCs), and State Finance Corporations will be considered under the scheme.
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How to Apply for Bank Guarantee Charges Reimbursement Scheme
Application mode: Online
Step 1: The applicant must visit the official portal of the National SC-ST Hub.
Step 2: The applicant must click on the "Scheme name" and then click on “Sign Up” and register using basic details such as name, email ID, and mobile number.
Step 3: The applicant must create a password and complete the registration process.
Step 4: The applicant must log in using the registered credentials.
Step 5: The applicant must fill in the required details and submit the application online.
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Exclusions
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Frequently Asked Questions
What is the Bank Guarantee Charges Reimbursement Scheme scheme?
Under the the Ministry Of Micro, Small &amp; Medium Enterprises, Bank Guarantee Charges Reimbursement Scheme is a sub scheme under National Scheduled Caste and Scheduled Tribe Hub (NSSH) scheme. In this reimbursement is provided to SC/ST MSEs on bank charges paid to the bank…
Who is eligible for Bank Guarantee Charges Reimbursement Scheme?
Applicant should belong to the Scheduled Caste / Scheduled Tribe category. He/she should represent/own any MSEs unit. MSEs availing loans from any Scheduled Commercial Banks, Non-Banking Finance Companies (NBFCs), and State Finance Corporations will be considered under the scheme. <br
What benefits does Bank Guarantee Charges Reimbursement Scheme provide?
The assistance under this scheme will be limited to 80% or ₹ 1,00,000/- (excluding GST and all other applicable taxes), whichever is less, on PBG charges paid in a financial year.
How can I apply for Bank Guarantee Charges Reimbursement Scheme?
Step 1: The applicant must visit the official portal of the National SC-ST Hub. Step 2: The applicant must click on the "Scheme name" and then click on “Sign Up” and register using basic details such as name, email ID, and mobile number. Step 3: The applicant must create a password and co…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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