New Delhi, Mar 16 (KNN) The Office of the DC MSME has decided to include all Urban Cooperative Banks (UCBs) and District Central Cooperative Banks (DCCBs) as lending Institutions under CGTMSE, CLCSS and Interest Subvention Scheme.

In  a notification to the Implementing Agencies, O/o DC MSME informed that over the period they had received representations from various Non-Scheduled UCBs and DCCBs to become a lending institution under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Credit Linked Capital Subsidy Scheme (CLCSS) and , Interest Subvention Scheme (ISS).

In this regard, considering the functional feature of UCBs (scheduled & non- Scheduled) and DCCBs, which are within the ambit of RBI regulation and their extensive presence across the states, the Competent Authority has agreed to include them as lending institutions under CLCSS, CGTMSE and ISS, said the notification.

(KNN Bureau)

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