Odisha govt seeks SIDBI's views on expanding coverage under CGFT for MSEs
Updated: Aug 17, 2015 11:24:44am
New Delhi, Aug 17 (KNN) The Odisha government has sought the views of micro units lender Small Industries Development Bank of India (Sidbi) on expanding coverage under Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE), MSME Ministry said on the social network sites.
Last month, the state MSME (micro, small & medium enterprises) department had sent a proposal to Sidbi, conveying the state government's readiness to pump in Rs 100 crore for CGTMSE.
The department wanted Sidbi to introduce a special fund for MSMEs in the state.
Recently, it was decided that a state specific scheme may be introduced for MSMEs in the state. It was suggested that the CGTMSE coverage be expanded to provide additional loan for coverage of sick units. The loan coverage should also include specific groups that have limited access to formal credit like self-help groups (SHGs); joint liability groups (JLGs) and start-ups.
Settlement of claims under CGTMSE in case of default in repayment may be made within a year. There was a consensus that a mechanism may be formulated to monitor the NPA (non-performing assets) covered under CGTMSE in order to explore the possibility of their revival. (KNN Bureau)
Last month, the state MSME (micro, small & medium enterprises) department had sent a proposal to Sidbi, conveying the state government's readiness to pump in Rs 100 crore for CGTMSE.
The department wanted Sidbi to introduce a special fund for MSMEs in the state.
Recently, it was decided that a state specific scheme may be introduced for MSMEs in the state. It was suggested that the CGTMSE coverage be expanded to provide additional loan for coverage of sick units. The loan coverage should also include specific groups that have limited access to formal credit like self-help groups (SHGs); joint liability groups (JLGs) and start-ups.
Settlement of claims under CGTMSE in case of default in repayment may be made within a year. There was a consensus that a mechanism may be formulated to monitor the NPA (non-performing assets) covered under CGTMSE in order to explore the possibility of their revival. (KNN Bureau)
Loading...
