Letter of Guarantee Scheme
| Type of Loan | Special Loan |
| Scheme Name | Letter of Guarantee Scheme |
| Purpose | To offer a Bank Guarantee (BG) for units assisted by the Corporation. |
| Eligibility Criteria | • Providing a guarantee to a bank for availing a Letter of Credit (LC) for the import of machinery, raw materials, etc. • For bidding processes, obtaining advance payments, releasing retention money, procuring raw materials, etc. |
| Maximum Guarantee | Up to 100% of the required Guarantee amount. |
| Internal Credit Rating | Minimum requirement is Not Applicable. |
| Guarantee Period | Shall not exceed 5 years. |
| Guarantee Commission | Applicable guarantee commission plus GST for the entire guarantee period. |