|
|
|
|
More SMEs getting aware of CGTMSE scheme: Minister
|
|
|
|
| Top Stories |
 |
|
|
|
SME Times News Bureau | 10 Aug, 2012
With more Indian micro, small and medium enterprises getting aware of the Credit Guarantee Fund Scheme for Micro and Small Enterprises, the coverage under the scheme has increased significantly in the recent years, said Union Minister for Overseas Indian Affairs, Vayalar Ravi who is currently looking after the parliamentary work of the MSME ministry.
"Under the CGTMSE, 8,73,013 proposals have been approved for guarantee cover for total sanctioned loan amount of Rs. 41,794.31 crore till July 31, 2012," said Ravi in a written reply to a question in the Lok Sabha on Thursday.
CGTMSE provides guarantee cover in respect of the credit facility extended to all new and existing MSMEs (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 the MSME ministry 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).
|
|
|
| |
|
|
|
|
|
|
|
Banks are not providing laon against
bsubodh kumar | Thu Apr 2 18:31:57 2015
Pleas go through all the complaints written below.Whom to complaint if Banks are not financing ?
CGTMSE
kiran nawathe | Sun Mar 29 06:22:37 2015
No Nationalised bank accepts any proposal without colateral ssecurity . They give n no of reasons ,why they can not do it
no support from bank
ankur joshi | Sat Mar 28 11:03:02 2015
Dear sir
i will visit so many banks to set up new enterprise under this scheme but the fact is that no nationalized banks want to support new SMEs.
CGTMSESceme
Yogenda Mishra | Sun Aug 19 04:10:04 2012
This is a white elephant scheme only for show. I met with my proposal to the Branch
Manager, Vijya Bank, Bhatapara (Chhatisgarh)
He flatly refused to give me finance under this scheme and told me he will not finance without taking of double collateral security. The same view was of other bankers and due to this I have to close my project. Can you help me in this regard.
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
â¹94.2
|
â¹92.5 |
UK Pound
|
â¹128.85
|
â¹124.8 |
Euro
|
â¹112.2
|
â¹108.45 |
| Japanese
Yen |
â¹59.85 |
â¹58 |
| As on 06 May, 2026 |
|
|
| Daily Poll |
 |
 |
| What is the biggest war impact on MSMEs? |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
