How is the CGTMSE enabling environment for the MSE sector?
It is a well-documented fact that one of the basic problems of the MSME segment is the availability of collateral security. Sometimes overleveraging also results; like whatever you have is already used but to grow you need more loans. In that situation it becomes difficult to get fresh loan because the collateral security value gets diluted. Banker’s comfort level starts diminishing. RBI has issued guidelines that loans up to ₹10 lakh loan has to be without collateral security. That has to be collateral free. But beyond decision to take collateral for loans above ₹10 lakh is left to the banks. CGTMSE comes into the picture for giving comfort to banks for extending collateral free laons. The reason of setting of this organization was to facilitate collateral security free lending to MSMES. That is our basic objective.
That means you enter only after 10 lakh?
Bu hikaye Indian Economy & Market dergisinin September 2022 sayısından alınmıştır.
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Bu hikaye Indian Economy & Market dergisinin September 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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