Rs 4,50,163 cr issued under CGMSE since inception

New Delhi, July 25 (KNN) Since the launch of Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE), till June 30, 2023 guarantees amounting to Rs 4,50,163 crore have been issued under Credit Guarantee Scheme for Micro and Small enterprises (CGMSE).

This information was given by Minister of State for MSME, Bhanu Pratap Singh Verma in a written reply to the Rajya Sabha.

Under Credit Linked Capital Subsidy Scheme for technology upgradation, a total of 87,680 numbers of subsidies amounting to Rs 5,644 crore were issued. The scheme was in force till 31 March, 2020.

As informed by Department for Promotion of Industry and Internal Trade (DPIIT), under Startup India Scheme, to provide capital at various stages of business cycle of startup, the Government is implementing Fund of Funds for Startups (FFS) and Startup India Seed Fund Scheme (SISFS).

Both the schemes are implemented on a pan-India basis.

Under Fund of Funds for Startups (FFS), as on April 30, 2023, Rs 9,121 crore has been committed to 114 Alternative Investment Fund (AIFs) by SIDBI and under Startup India Seed Fund Scheme (SISFS), as on April 30, 2023, Rs 611.36 crore has been approved to 160 incubators by the Expert Advisory Committee (EAC).  (KNN Bureau)