Tag: credit guarantee scheme

Govt. approves fifth edition of credit guarantee scheme, extends cover to airlines

Posted on By admin
Govt. approves fifth edition of credit guarantee scheme, extends cover to airlines

For airlines, the loans can be for up to 100% of their peak working capital, but this is capped at ₹1,500 crore per borrower, subject to satisfying certain specific conditions. File photo for representational purposes only. | Photo Credit: Reuters In response to the crisis in West Asia, the Union Cabinet on Tuesday (May 5,…

Read More “Govt. approves fifth edition of credit guarantee scheme, extends cover to airlines” »

Business

Budget 2023 | Revamped credit guarantee scheme for MSMEs to be implemented from April 1

Posted on By admin
Budget 2023 | Revamped credit guarantee scheme for MSMEs to be implemented from April 1

The revamped credit guarantee scheme for Micro, Small and Medium Enterprises (MSMEs) will take effect from April 1, through infusion of ₹9,000 crore in the corpus, said Union Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023. “This will enable additional collateral-free guaranteed credit of ₹2 lakh crore. Further, the cost of the credit…

Read More “Budget 2023 | Revamped credit guarantee scheme for MSMEs to be implemented from April 1” »

Business