On 31st December 2016, Prime Minister announced that coverage under Credit Guarantee Scheme will be increased to Rs.2 crores. Till now, the coverage under CGTMSE is Rs.1 crores under which Micro, Small and Medium Enterprises can get collateral free loans. CGTMSE (Trust) has now issued circular on 9th January 2017 to increase the limit of CGTMSE coverage to Rs.2 crores in terms of PM’s annoucement.
[Read: All about CGTMSE Scheme – Eligibility, coverage, procedure]
Highlights of the circular are as under:
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