ENA State 2022-03-17 06:55:55 <p><strong>Chennai, Mar 17 (KNN)</strong> The Tamil Nadu government has announced a package of Rs 100 crore under its Tamil Nadu Credit Guarantee Scheme (TNCGS) to help the MSMEs. </p> <p>For loan amount of Rs 40 lakh the guarantee is set against 90 per cent and for loan up to Rs 2 crore the guarantee is 80 per cent.</p> <p>Tamil Nadu MSME department and Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) will jointly implement this scheme within a time frame of six months. </p> <p>To ensure the transparency is maintained the scheme will be completely made online and a website will be developed for that purpose. </p> <p>Chief Minster Stalin also inaugurated coconut coir manufacturing plant in Boodhanur in Thanjavur district which is expected to provide employment to 200 persons both directly and indirectly.</p> <p>The expert committee formed for the revival of MSMEs post COVID-19 pandemic submitted a report to CM Stalin which includes solutions and recommendations.</p> <p>The suggestions are proposed after holding several meetings with stakeholders such as associations, government officials, bank officials, finance companies etc. <em><strong>(KNN Bureau)</strong></em></p> 28649 https://knnindia.co.in/news/newsdetails/state/tamil-nadu-govt-allots-rs-100-cr-under-state-credit-guarantee-scheme-for-msmes 2022-03-17 06:55:55 knnindia.co.in