Enterprises, projects/units being set up, promoted and run by Scheduled castes in primary, manufacturing and services sector ensuring asset creation out of the funds deployed in the unit, under any State/Central Government Subsidy/Grant Scheme shall be considered;
Registered Companies and Societies/Registered Partnership Firms/Sole Proprietorship firms/Individual SC Entrepreneur having more than 51% shareholding by Scheduled Caste entrepreneurs/promoters/members with management control for the past 6 months;
Credit Guarantee would be extended to startup SC Entrepreneur.
Individual SC Entrepreneur would be eligible for a guarantee cover of a loan amount of upto Rs. 1.00 crore.
Documentary proofs of being SC will have to be mandatorily submitted by the entrepreneurs/promoters/partners/society members/sole proprietorship firms/individual SC Entrepreneurat the time of submitting the proposals
The Scheduled Caste promoter(s)/Partners/Society members shall not dilute their stake below 51% in the company/enterprise during the currency of the Loan.
To be eligible for Guarantee Cover under the Scheme, the banks / FIs/ MLI‟s shall submit to IFCI a copy of the valid sanction letters/LoI issued to Scheduled Caste beneficiary/enterprise/company/firm/society/sole proprietorship firms/individuals. In order to save time, the information may also be submitted online on the web portal of CEGSSC. The indicative Appraisal Format and Due Diligence Module are provided in the Scheme as Annexure-III and Annexure-IV in the scheme guidelines respectively for facilitation. However, the MLIs who have already developed their own formats and modules are free to use their own appraisal formats/modules.
How to Apply
**Online**
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Enter the details of the Enterprise details and other mandatory fields
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Enter the details of the Borrower details and other mandatory fields.
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The applicant will fill Loan and Bank details and other mandatory fields.
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Frequently Asked Questions
Who is eligible for Credit Enhancement Guarantee Scheme For The Scheduled Castes / what is the eligibility?
1. Enterprises, projects/units being set up, promoted and run by Scheduled castes in primary, manufacturing and services sector ensuring asset creation out of the funds deployed in the unit, under any State/Central Government Subsidy/Grant Scheme shall be considered;
1. Registered Companie...
How to apply online for Credit Enhancement Guarantee Scheme For The Scheduled Castes?
**Online**
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Enter the details of the Enterprise details and other mandatory fields
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Enter the details of the Borrower details and other mandatory fields.
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The applicant will fill Loan and Bank details and other mandatory fields.
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