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English Release 24-May 2013
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- Presidents Secretariat
- We must find answers for reversing the degradation of values, says President
- President’s Buddha Purnima Greetings
- Vice President's Secretariat
- Vice President Greets Citizens on Buddha Purnima
- Prime Minister's Office
- Prime Minister’s Speech at SEBI’s Silver Jubilee Celebration
- PM Greets the Nation on Buddha Purnima
- Min of Agriculture
- Kharif Sowing Crosses 60 Lakh Hectare
- Min of Comm. & Information Technology
- NIELIT, Srinagar will contribute to the growth of J&K, Dr. Killi Kruparani
- Min of Health and Family Welfare
- Janani Shishu Suraksha Karyakram – Saving Mothers and Newborns
- Azad concludes two-day visit to Sweden
- Min of Human Resource Development
- Block Institutes of Teachers Education to be Established in 196 SC/ST/Minority Concentrated Districts
- Min of Petroleum & Natural Gas
- Press Note
- Petroleum Ministry Refutes allegations regarding Proposed Gas Price Revision
- Production Performance of Oil & Natural Gas sector for the month of April, 2013
- Global crude oil price of Indian Basket declines sharply to
99.37/US$ bbl on 23.5.2013
- Min of Power
- Hindi Advisory Committee of Ministry of Power for effective implementation of Official Language
- Ministry of Water Resources
- Storage of Important Reservoirs in the Country (as on 25 April 2013)
- Min of Youth Affairs & Sports
- Financial assistance from National Sports Development Fund to Mary Kom Regional Boxing Foundation, Imphal
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Conference of Ministers and Secretaries of States And Union Territories in-Charge of Sports & Youth Affairs Begins in New Delhi
- Planning Commission
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UIDAI launches Aadhaar based Iris Authentication, eKYC, One Time PIN New Services and Permanent Enrolment Centres
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Ministry of Micro,Small & Medium Enterprises09-August, 2012 18:54 IST
| Credit Guarantee Fund Scheme |
Under the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE) 8,73,013 proposals have been approved for guarantee cover for total sanctioned loan amount of Rs. 41,794.31 crore till 31st, July 2012. With increasing awareness, the coverage under the scheme has increased significantly in the recent years.
CGTMSE provides guarantee cover in respect of the credit facility extended to all new and existing Micro and Small Enterprises (both in the manufacturing sector as well as in the service sector) by Member Lending Institutions (MLIs) up to Rs. 100 lakh per eligible borrower, only if the credit facility is extended by MLIs without collateral security and/or third party guarantee. While the coverage of loan under the scheme is optional, concerted efforts are being made by CGTMSE to generate awareness among the Micro and Small Enterprises (MSEs) and the Member Lending Institutions (MLIs) for enhancing the coverage under the scheme.
The progress of the scheme is reviewed by Ministry of Micro, Small and Medium Enterprises on regular basis. The performance of the scheme has also been reviewed by Parliamentary Standing Committee on Industry, RBI Standing Advisory Committee on Credit Flow to Micro, Small and Medium Enterprises (MSMEs) and the RBI Empowered Committee on MSEs and the State Level Bankers Committees (SLBCs).
This information was given by Shri Vayalar Ravi, Union Minister for Overseas Indian Affairs looking after the Parliamentary work of the Ministry of Micro, Small and Medium Enterprises, in a written reply to a question in the Lok Sabha today.
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RTS/HSN
(Release ID :85943)
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