MUTUAL CREDIT GUARANTEE SCHEME IN ASSOCIATION WITH ALEAP & CGTSI  FOR WOMEN ENTREPRENEURS.

Under the scheme Association of Lady Entrepreneurs of Andhra Pradesh (ALEAP) & SIDBI provide guarantee cover to the units, specially designed for the Lady Entrepreneurs of Andhra Pradesh.

Eligible Accounts	New or existing SSI unit which is a member of ACGA and recommended by ACGA
Facilities covered	Term Loans and  working capital limits (FB & NFB).
Loan amount covered	Borrowal accounts of Rs.15 lakhs
Collateral /  Third party Guarantee	NIL
Tenure of Guarantee Cover	Agreed Tenure for Term Credit., 5 years or a block of 5 years where working capital limits alone are considered.
Amount of Guarantee Cover	75% of TL amount outstanding.   75% of Fund Based & Non Fund based  Working Capital Limit or outstanding whichever is less as on the date of the account becoming Non Performing.
Guarantee Fee	1.5% of sanctioned credit facilities upfront, shared by CGTSI and ACGA on 50-50 basis
Service charges (Exclusively to ACGA)	0.75% annually on the limits as on 31st March of every year to be remitted within 60 days of close of the FY.
Risk sharing	In 1:1 ratio by CGTSI and ACGA
Maximum cumulative guarantee cover by ACGA to all credit institutions	ACGA can extend a guarantee cover up to a maximum of 5 times its corpus fund.
Sanction	Solely at the discretion of Bank

Contact:
For more details, please contact your nearest  Andhra Bank Branch

or E-mail to: ssi@andhrabank.co.in ; sme@andhrabank.co.in