Bank Guarantee Charges Reimbursement Scheme

The Bank Guarantee Charges Reimbursement Scheme helps small business owners and entrepreneurs reduce the cost of getting bank guarantees. Run by the Ministry of Micro, Small and Medium Enterprises, this scheme reimburses charges that banks charge for providing guarantees. It is part of the National Scheduled Caste and Scheduled Tribe Hub (NSSH) initiative and aims to make it easier and cheaper for SC/ST entrepreneurs to access credit and grow their businesses.