Capital Infusion in MSME Sector
Updated: Jul 30, 2015 05:25:08pm
New Delhi, July 30 (KNN) To facilitate an easy access to finance by MSMEs, the Government/RBI has several schemes for the Micro and Small Enterprises.
The government has launched Credit Guarantee Fund Scheme for Micro and Small Enterprises to provide guarantee cover for collateral free credit facilities extended to micro and small enterprises (MSEs) upto Rs. 1 Crore.
It has also issued guidelines in mandatorily requiring banks to dispense with collateral requirement for loans upto Rs 10.00 lakh to MSEs.
Further, the government has also set up a Micro Units Development & Refinance Agency (MUDRA) Ltd. which would be responsible for refinancing all Micro-finance Institutions (MFIs), which are in the business of lending to micro / small business entities engaged in manufacturing, trading and services activities upto Rs.10.00 lakh.
This information was given by the Union Minister for Micro, Small and Medium Enterprises, Kalraj Mishra in a written reply to a question in Rajya Sabha here today. (KNN Bureau)
The government has launched Credit Guarantee Fund Scheme for Micro and Small Enterprises to provide guarantee cover for collateral free credit facilities extended to micro and small enterprises (MSEs) upto Rs. 1 Crore.
It has also issued guidelines in mandatorily requiring banks to dispense with collateral requirement for loans upto Rs 10.00 lakh to MSEs.
Further, the government has also set up a Micro Units Development & Refinance Agency (MUDRA) Ltd. which would be responsible for refinancing all Micro-finance Institutions (MFIs), which are in the business of lending to micro / small business entities engaged in manufacturing, trading and services activities upto Rs.10.00 lakh.
This information was given by the Union Minister for Micro, Small and Medium Enterprises, Kalraj Mishra in a written reply to a question in Rajya Sabha here today. (KNN Bureau)
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