Question: How much money/support does Bank Guarantee Charges Reimbursement Scheme give?

Answer: Benefits under Bank Guarantee Charges Reimbursement Scheme:

can be availed multiple times in a financial year by SC/ST MSEs, but the financial assistance shall be restricted to the ceiling
which is â‚¹ 1,00,000 (excluding GST and other applicable taxes) Against which charges benefit is provided under the scheme?The
charges paid for Performance Bank Guarantee (PBG) obtained from any Financial Institutions (Scheduled Commercial Banks) that were
stipulated by and/or acceptable to the buyer department are eligible for reimbursement under the Scheme. Who are eligibile for the
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.How can applican apply to avail benefit under the scheme?Applicant can apply online on National SC-
ST website www.scsthub.in or visit the nearest CSC-VLEs to apply online. What documents are required to get the scheme benefits ?1.
Self-certified copy of Udyam Registration (UR) & GST (if applicable). 2. Self-certified copy of PAN Card in case of proprietorship,
PAN card of SC/ST proprietor ought to be submitted. 3. Copy of Caste Certificate of proprietor/ all partners/ directors. 4. Details of
shareholding in case of partnership / Pvt. Ltd / LLP firm. In case of partnership concerns, shareholding of the enterprise would be
required to ascertain status of the MSE as SC/ST MSE (shareholding of SC/ST entrepreneur to be > 51%). Copy of Partnership Deed for
Partnership Firm / Memorandum and Article of Association in case of LLP/Private Limited Company are required. 5. Bank attested
(signature with stamp) debit statement with Performance Bank Guarantee (PBG )charges mentioning Bank Guarantee number and
applicant MSE's name. 6. Bank attested and stamped(signature with stamp) copy of Performance Bank Guarantee (PBG ) issued by the
bank. 7. Cancelled Cheque of the current account of the enterprise from which Bank Charges have been debited. 8. Proof of transferred
amount as reimbursement by NSSHO/ NSIC through PFMS under the scheme, where any such assistance is availed earlier with in the
same financial year. 9. Supply Order / Purchase Order/ Work Order from CPSE / Central Govt. organization / Department / State PSE,
State Govt. organization / State Department against which PBG is taken and reimbursement is applied for, stating the requirement ofn
PBG submission.What details are need to provide while registration?For registration click on sign-up and provide the following details
1. Full Name. 2. Valid Email ID. 3. Mobile Number. 4. Password and confirm password Sources And
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To avail these benefits, you need to meet the following eligibility criteria: Ministry Of Micro, Small and Medium EnterprisesBank Guarantee Charges Reimbursement
SchemeBusinessEnterpreneurshipFinancial AssistanceReimbursementDetailsBenefitsEligibilityApplication ProcessDocuments
RequiredFrequently Asked QuestionsUnder 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.OkWas this helpful?ShareNews and UpdatesNo
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