CEGSSC

1. The applicant should establish, promote, and operate an enterprise, project, or unit in the primary, manufacturing, or service sector resulting in asset creation.
2. The applicant should be a Scheduled Caste entrepreneur, company, partnership firm, society, sole proprietorship firm, or individual entrepreneur as specified under the scheme.
3. The applicant should have more than 51% ownership and management control held by Scheduled Caste entrepreneurs, promoters, partners, or members.
4. The applicant should maintain Scheduled Caste ownership and control above 51% throughout the currency of the loan.
5. The applicant should provide documentary proof of Scheduled Caste status.
6. The applicant may operate under any Central Government or State Government subsidy or grant scheme.
7. Preference is given to Scheduled Caste-promoted companies over registered partnership firms and registered societies.

Not eligible

1. The credit facility is covered under any other guarantee scheme operated by the Deposit Insurance and Credit Guarantee Corporation, Reserve Bank of India, Small Industries Development Bank of India, Government, insurer, or any other person/association providing insurance, guarantee, or indemnity coverage.
2. The credit facility does not comply with any applicable law or directions/instructions issued by the Central Government or Reserve Bank of India.
3. The borrower has already availed another credit facility covered under specified guarantee schemes, and the previous guarantee has been invoked, but dues remain unpaid due to the borrower's default.
4. The credit facility has been sanctioned against collateral security and/or third-party guarantee.
5. The credit facility has been sanctioned with an interest rate exceeding 3% over the base rate of the lending institution.
6. The credit facility has not been fully disbursed by the Member Lending Institution.

• The scheme provides guarantee cover for Working Capital Loans, Term Loans, and Composite Term Loans extended to eligible Scheduled Caste entrepreneurs.

Loan Amount

• ₹15,00,000/- to ₹1,00,00,000/; Guarantee Cover: 100% of the sanctioned facility; Guarantee Obligation: 100% of the amount in default, subject to maximum guarantee cover
• Above ₹1,00,00,000/- to ₹2,00,00,000/; Guarantee Cover: 80% of the sanctioned facility; Guarantee Obligation: 80% of the amount in default, subject to maximum guarantee cover
• Above ₹2,00,00,000/- to ₹5,00,00,000/; Guarantee Cover: 70% of the sanctioned facility; Guarantee Obligation: 70% of the amount in default, subject to the maximum guarantee cover
• Above ₹5,00,00,000/; Guarantee Cover: 60% of the sanctioned facility; Guarantee Obligation: 60% of the amount in default, subject to the maximum guarantee cover

• The maximum guarantee cover available under the scheme is ₹5,00,00,000/-.
• Startup Scheduled Caste entrepreneurs are eligible for guarantee coverage.
• Individual Scheduled Caste entrepreneurs are eligible for guarantee cover on loan amounts up to ₹1,00,00,000/-.
• Repeat credit enhancement may be extended after successful liquidation of the first facility and a satisfactory track record.
• Incubation facilities may be facilitated through existing departmental schemes for loans above ₹2,00,00,000/-.
• Benefits are provided in the form of Credit Enhancement Guarantees issued by IFCI to Member Lending Institutions (MLIs).
• Loans are extended by Member Lending Institutions to eligible Scheduled Caste entrepreneurs.

Expected Time of Disbursement

• The guarantee is issued after submission of the sanction letter, proof of disbursement, and the guarantee fee by the Member Lending Institution within 30 days of the first loan disbursement.

Validity

• Initially valid for 1 year.

Loan Amount

1. ₹15,00,000/- to ₹1,00,00,000/; Guarantee Cover: 100% of the sanctioned facility; Guarantee Obligation: 100% of the amount in default, subject to maximum guarantee cover
2. Above ₹1,00,00,000/- to ₹2,00,00,000/; Guarantee Cover: 80% of the sanctioned facility; Guarantee Obligation: 80% of the amount in default, subject to maximum guarantee cover
3. Above ₹2,00,00,000/- to ₹5,00,00,000/; Guarantee Cover: 70% of the sanctioned facility; Guarantee Obligation: 70% of the amount in default, subject to the maximum guarantee cover
4. Above ₹5,00,00,000/; Guarantee Cover: 60% of the sanctioned facility; Guarantee Obligation: 60% of the amount in default, subject to the maximum guarantee cover

1. The maximum guarantee cover available under the scheme is ₹5,00,00,000/-.
2. Individual Scheduled Caste entrepreneurs are eligible for guarantee cover on loan amounts up to ₹1,00,00,000/-.
3. Incubation facilities may be facilitated through existing departmental schemes for loans above ₹2,00,00,000/-.
4. Initially valid for 1 year.
5. The maximum tenure of guarantee cover is 7 years or the repayment period, whichever is earlier.

• Scheduled Caste Certificate / Proof Of Scheduled Caste Status

Loan Application Form

• Sanction Letter / Letter Of Intent Issued By Member Lending Institution
• Proof Of Loan Disbursement
• Guarantee Fee Payment Details

Compliance Certificate

• Registration Certificate Of Company / Firm / Society (As Applicable)
• Shareholding Pattern Documents (As Applicable)
• Memorandum Of Association And Articles Of Association (For Companies, As Applicable)
• Promoters’ PAN Card And Identification Proof (As Applicable)
• Income Tax Returns Of Promoters For The Past 3 Years (As Applicable)
• Annual Reports And Financial Statements (As Applicable)

Land Lease Papers (As Applicable)

• CA Certificate For Sources And Utilisation Of Funds (As Applicable)
• Insurance Documents (As Applicable)