Bank Guarantee Charges Reimbursement Scheme
SC/ST-owned micro and small enterprises (MSEs) that win government contracts and pay bank guarantee charges can get those charges reimbursed under this MSME ministry scheme. The government refunds 80% of Performance Bank Guarantee (PBG) charges or up to ₹1,00,000 per financial year (excluding GST). Register and apply online at scsthub.in.
About This Scheme
SC/ST-owned micro and small enterprises (MSEs) that win government contracts and pay bank guarantee charges can get those charges reimbursed under this MSME ministry scheme. The government refunds 80% of Performance Bank Guarantee (PBG) charges or up to ₹1,00,000 per financial year (excluding GST). Register and apply online at scsthub.in.
Full official description
Under 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.
Benefits
- Reimbursement of 80% of Performance Bank Guarantee (PBG) charges, or ₹1,00,000 — whichever is less
- Benefit excludes GST and other applicable taxes
- Available once per financial year
Who Can Apply (Eligibility)
- Must belong to the Scheduled Caste or Scheduled Tribe category
- Must own or represent a Micro or Small Enterprise (MSE)
- Loan/banking facility must be from a Scheduled Commercial Bank, NBFC, or State Finance Corporation
- Must have paid PBG charges to a bank for a government contract
How to Apply
- Applicant need to visit the official website https://www.scsthub.in.
- For registration click on sign-up and provide the following details
- Full Name
- Valid Email ID
- Mobile Number
- Password and confirm password
- For login click on login.
- After login complete the required information.
Frequently Asked Questions
What is Bank Guarantee Charges Reimbursement Scheme for Scheduled Caste / Scheduled Tribe?
Bank Guarantee Charges Reimbursement Scheme for Scheduled Caste / Scheduled Tribe is a sub scheme under NSSH. Under this scheme , 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.
What benefits can be availed under the scheme?
The assistance under this scheme will be limited to 80% or [?] 1,00,000/- (excluding GST and all other applicable taxes), whichever is less, on PBG charges paid in a financial year.
Is there a limitation on availing the benefits of this scheme?
No. The benefits 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 [?] 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 ?
- Self-certified copy of Udyam Registration (UR) & GST (if applicable).
- Self-certified copy of PAN Card in case of proprietorship, PAN card of SC/ST proprietor ought to be submitted.
- Copy of Caste Certificate of proprietor/ all partners/ directors.
- 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.
- Bank attested (signature with stamp) debit statement with Performance Bank Guarantee (PBG )charges mentioning Bank Guarantee number and applicant MSE's name.
- Bank attested and stamped(signature with stamp) copy of Performance Bank Guarantee (PBG ) issued by the bank.
- Cancelled Cheque of the current account of the enterprise from which Bank Charges have been debited.
- 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.
- 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
- Full Name.
- Valid Email ID.
- Mobile Number.
- Password and confirm password
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Self-certified copy of Udyam Registration (UR) & GST (if applicable).
- Self-certified copy of PAN Card in case of proprietorship, PAN card of SC/ST proprietor ought to be submitted.
- Copy of Caste Certificate of proprietor/ all partners/ directors.
- 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.
- Bank attested (signature with stamp) debit statement with Performance Bank Guarantee (PBG )charges mentioning Bank Guarantee number and applicant MSE's name.
- Bank attested and stamped(signature with stamp) copy of Performance Bank Guarantee (PBG ) issued by the bank.
- Cancelled Cheque of the current account of the enterprise from which Bank Charges have been debited.
- 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.
- 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.