Extent of guarantee cover
80%For
(i) Micro & Small Enter operated/owned by women
(ii) all credits/loans in (NER) fr credit facilities upto 50 lakh.
For Other borrows 75% Cover will be available;
In case of default, Trust settles claim up to 75% of OS amount(Not Full)
1/n
80%For
(i) Micro & Small Enter operated/owned by women
(ii) all credits/loans in (NER) fr credit facilities upto 50 lakh.
For Other borrows 75% Cover will be available;
In case of default, Trust settles claim up to 75% of OS amount(Not Full)
1/n
APR 2019 says that CGTMSE is self driven Trust as the income of the trust for year 2019 stands as 170 Crore compared to Expenditure of 161 Crore (90% Expensec was for Guarantee Claim).
Mostly income of CGTMSE comes through Guarantee cover by MSME sector
2/n
#दैनिक_जागरण_झूठा_है
Mostly income of CGTMSE comes through Guarantee cover by MSME sector
2/n
#दैनिक_जागरण_झूठा_है
Now Editorial of @JagranNews alleged that a Bank will lend loan of 1Crore to a customer against collateral & lend 2 Crore (Collateral Free) through MSME Package, will be vanished & Govt will at lost of 2 crore fraudulently(?) by Banker & Customer both!!
#दैनिक_जागरण_झूठा_है
3/n
#दैनिक_जागरण_झूठा_है
3/n
Dr. Jhunjhunwala have to keep in mind that in order to receive those 2 Crores, 1 has to pay premium to *Credit Guarantee Trust*,
in case of default Cover will claimed by bank through an intense procedure, Finally Trust (Not Govt) will pay(if Pay), only 75% or Max 1.5 Crore!!
in case of default Cover will claimed by bank through an intense procedure, Finally Trust (Not Govt) will pay(if Pay), only 75% or Max 1.5 Crore!!
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