Quick Summary
Access to Working Capital for MSMEs The Government has taken a number of initiatives for providing financial assistance to the Micro, Small and Medium Enterprises (MSMEs) to cope with the financial impact of the COVID-19 pandemic, including access to working capital. These include the following: Prime Ministers Employment Generation Programme (PMEGP) - maximum project cost is Rs. 25 lakh, which includes capital expenditure and working capital. Credit Guarantee Scheme (CGS) - maxim
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The main aim is to provide financial assistance to MSMEs to help them cope with the financial impact of the COVID-19 pandemic, including improved access to working capital.
The maximum project cost under the Prime Minister's Employment Generation Programme (PMEGP) is Rs. 25 lakh, which covers both capital expenditure and working capital.
The Credit Guarantee Scheme (CGS) offers a maximum 85% guarantee on credit facilities up to Rs. 200 lakh, for both term loans and working capital.
The Emergency Credit Line Guarantee Scheme (ECLGS) has been extended up to March 2023 with an expanded guarantee cover of Rs. 5 lakh crore. An additional Rs. 50,000 crore is specifically for the hospitality sector.
This information was provided by the Minister of State for Micro Small and Medium Enterprises, Shri Bhanu Pratap Singh Verma, in a written reply to the Rajya Sabha.
CAclubindia
