Quick Summary
MSME Minister Narayan Rane has initiated a transformative scheme tailored for Informal Micro Enterprises (IMEs), aiming to enhance their access to credit facilities and alleviate financial constraints. Launched under the aegis of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), this scheme promises collateral-free loans of up to Rs 20 lakh, exempting IMEs from the rigors of the Goods and Services Tax (GST) regime. Objective of the Scheme Dubbed as the Special Provi
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FAQ :
The maximum loan amount available under the new scheme is £20 lakh.
Informal Micro Enterprises (IMEs) registered on the Udyam portal are eligible for this scheme.
The scheme offers an 85% guarantee cover for unsecured loans up to £20 lakh.
The scheme is launched under the aegis of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
The main objective is to enhance access to credit facilities for informal micro enterprises and alleviate their financial constraints.
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