Guarantee Cover means maximum cover available per eligible borrower of the amount in default in respect of the credit facility extended by the lending institution.
Guarantee Cover means the maximum cover available per eligible borrower of the amount in default in respect of the credit facility extended by the lending institution. For this Scheme, the guarantee coverage would be 100% of the amount in default.
Guarantee Cover means maximum cover available per eligible borrower of the amount in default in respect of the credit facility extended by the lending institution. For this scheme, 90% guarantee coverage would come from scheme/ Trust and remaining 10% from the concerned promoter(s).The credit will be extended by MLIs as part of the scheme to the promoters of the stressed MSMEs to be infused by them in the form of equity/ Quasi equity/ Sub debt in the MSME which are commercially viable. The guarantee cover would be uncapped, unconditional and irrevocable credit guarantee.
Examples of Guarantee Cover in a sentence
Guarantee Cover: The guarantee cover available under the scheme is to the extent of 50%/ 75% / 80% & 85% of the sanctioned amount of the credit facility.
More Definitions of Guarantee Cover
Guarantee Cover means maximum cover available per eligible FPO borrower;
Guarantee Cover means maximum cover available per eligible borrower of the amount in default in respect of the credit facility extended by the lending institution. For this scheme the guarantee coverage is (a) First Loss Default (Up to 5%): 100% and (b) Second Loss (beyond 5% up to 15%): 75% of default portfolio.
Guarantee Cover means maximum cover available per eligible FPC borrower;
Guarantee Cover for individual accounts means maximum guarantee cover available against the amount in default in respect of the credit facility extended by the lending institution.
Guarantee Cover means maximum cover available per eligibleFPO borrower;
Guarantee Cover means maximum cover available per portfolio, based on the amount in default, in respect of the credit facility extended by the lending institution. The first 3% of the amount in default will be borne by the eligible lending institution. The amount in default over and above 3% (if applicable) will be settled by the fund to the extent of 75% on pro-rata basis, subject to the receipt of an Auditors‟ certificate confirming eligible claim amount.
Guarantee Cover means maximum cover available per eligible borrower of the amount in default in respect of the credit facility extended by the lending institution/MLI. (vi) “Lending institution(s)”/”MLI(s)” means a commercial bank for the time being included in the second Schedule to the Reserve Bank of India Act, 1934 and Regional Rural Banks as may be specified by IFCI from time to time, or any other institution (s) as