India gets upgraded to 'BBB' with a 'Stable' trend in rating by Morningstar DBRS (See 'Corp Brief') Nadda reviews Emergency Health Systems Preparedness (See 'Corp Brief') Coal Ministry signs CGPDPA with selected applicants under Category II (See 'Corp Brief') India highlights Sustainable Forest Management at UN Forum (See 'Corp Brief') A&C - Eviction of tenants governed by Rent Control Act can't be sought u/s 9 of Arbitration & Conciliation Act, particularly if they are not parties to Development Agreement executed between Developer and Landlords: HC See 'Legal Desk') SECL organizes first 'Sneh Milan Mela to build stronger Community Relations (See 'Corp Brief') IBC - Details and additional explanation provided by Mr. Akash Shinghal is insufficient to justify alleged legal fees incurred by him which leads to suspesion of registration: IBBI See 'Legal Desk') MoU for deepening cooperation & peace as enshrined in teachings of Buddha (See 'Corp Brief') Reddy launches Website to strengthen Non-Ferrous Metal Recycling Ecosystem (See 'Corp Brief') C-DOT & CSIR-NPL sign MoU for research in Classical & Quantum Communications (See 'Corp Brief') SARFAESI - provisions of Section 14 of the Act mandatorily require DM to consider an application filed u/s 14 of the Act, within 30 days' time: HC (See 'Legal Desk') ECI crosses milestone of training over 2,300 field-level election functionaries (See 'Corp Brief') Central Council for Research in Ayurvedic Sciences revives 2 rare Ayurvedic manuscripts (See 'Corp Brief') IBC - Mere stamping of tax invoices at site office only indicates receipt and doesn't imply acceptance by Corporate Debtor (CD) that there was no pre-existing dispute with respect to quantum of amount payable by CD to Operational Creditor: NCLAT (See 'Legal Desk') PM Modi invites PM Starmer to visit India (See 'Corp Brief') India set to welcome 1800+ global delegates at Yashobhoomi for Space Conference (See 'Corp Brief') Insolvency and Bankruptcy Code- Mr. Kuldeep Verma had charged fees and expenses exceeding regulatory limits and these charges were not supported by requisite approvals : IBBI (See 'Legal Desk') Rijiju meets President of Vietnam Luong Cuong (See 'Corp Brief') IBC - Mr. Anil Kumar Mittal's failure to actively engage and expedite withdrawal process has resulted undue delays in withdrawal process : IBBI (See 'Legal Desk') DFS Secy reviews performance of RRBs (See 'Corp Brief') MoS visits Eastern Coalfields Limited (See 'Corp Brief') BIMSTEC and global experts meet to shape Ethical, Inclusive AI Standards (See 'Corp Brief') IBC - Proceedings u/s 138 of N I Act for dishnonour of cheque can't continue against individuals once moratorium u/s 14 of IBC is in effect: HC (See 'Legal Desk') MICE tourism is recognized as key driver for economic growth (See 'Corp Brief') Prakash Magdum assumes charge as Managing Director, NFDC (See 'Corp Brief') MoS calls for AI-led innovations (See 'Corp Brief') A&C - Procedural order given by Arbitral Tribunal, such as rejecting application seeking impleadment of party, does not qualify as interim award: HC (See 'Legal Desk') A Landmark Ruling Reshaping the IBC Framework (See CORP EINSICHT) APEDA calls stakeholders for Chintan Shivir (See 'Corp Brief') MoS for Coal and Mines reviews performance of CMPDI (See 'Corp Brief') A&C - Once arbitral tribunal is constituted, all jurisdictional and factual issues including status of non-signatories should be resolved by tribunal, not by courts, except under limited scope of review permitted by Sec 34: SC (See 'Legal Desk') WAVES as platform amplifies creative synergy between global and Indian storytellers: Co-CEO of Netflix (See 'Corp Brief') 'Driving Innovation with IP' workshop held at IISc (See 'Corp Brief') IBC - PMLA being Public Law, NCLAT did not have any power or jurisdiction to review decision of Statutory Authority under PMLA: SC (See 'Legal Desk') IICT launches strategic collaborations with Industry Leaders (See 'Corp Brief') Trade Mark Act - Defendants are trying to ruin goodwill established by plaintiffs in their CHOTIWALA trademarks and artistic works : HC (See 'Legal Desk') Mandaviya inaugurates Khelo India Multipurpose Hall in Arunachal (See 'Corp Brief') PMLA - Insolvency and Bankruptcy Code, 2016 does not affect proceedings under Prevention of Money Laundering Act, 2002 : TRIBUNAL (See 'Legal Desk')

Guarantees amounting to Rs. 4,06,310 crore approved under Credit Guarantee Scheme for MSMEs

Published: Mar 27, 2023

By TIOLCorplaws News Service

NEW DELHI, MAR 27, 2023: CREDIT Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides credit guarantee to its Member Lending Institutions (MLIs) for the loans extended by them to Micro and Small Enterprises (MSEs) without any collateral security or third party guarantee. From inception in 2000 till 28th February 2023, 69,04,649 number of guarantees amounting to Rs. 4,06,310 crore have been approved under Credit Guarantee Scheme for Micro and Small Enterprises. The State wise details of the number and amount of guarantees approved under Credit Guarantee Scheme for Micro and Small Enterprises since inception in 2000 till 28 February 2023 are at Annexure-I.

As on 28th February 2023, out of the total number and amount of guarantees approved under Credit Guarantee Scheme for Micro and Small Enterprises, 21 percent by number and 14 percent by amount is constituted by women owned MSEs.

As on 28th February 2023, out of the total number and amount of guarantees approved under Credit Guarantee Scheme for Micro and Small Enterprises, 6 percent by number and 3 percent by amount is constituted by SC/ST owned MSEs.

Annexure

Annexure is referred to part (a)&(b) of unstarred Question no. 2999 due for reply on 27.03.2023

No. and Amount of Guarantees approved under CGTMSE
  Amt. (Rs. Cr)
Sr. No. States / UTs

Cumulative since inception in 2000 till 28.02.2023

 

Andaman & Nicobar

4,263

298

 

Andhra Pradesh

6,22,026

11,454

 

Arunachal Pradesh

9,887

679

 

Assam

1,72,998

8,944

 

Bihar

2,73,702

14,639

 

Chandigarh

20,490

1,422

 

Chhattisgarh

98,997

6,103

 

Dadra & Nagar Haveli and Daman & Diu

3,237

598

 

Delhi

1,25,036

16,050

 

Goa

28,800

2,014

 

Gujarat

3,08,976

30,942

 

Haryana

1,39,652

13,593

 

Himachal Pradesh

93,937

5,778

 

Jammu & Kashmir

2,07,810

6,079

 

Jharkhand

1,90,553

13,874

 

Karnataka

5,01,340

34,837

 

Kerala

3,93,331

12,747

 

Ladakh

765

78

 

Lakshadweep

541

16

 

Madhya Pradesh

3,54,756

19,071

 

Maharashtra

5,52,096

48,262

 

Manipur

13,898

644

 

Meghalaya

13,746

813

 

Mizoram

7,205

400

 

Nagaland

14,306

732

 

Odisha

2,70,362

14,133

 

Puducherry

11,025

538

 

Punjab

1,87,164

11,507

 

Rajasthan

2,90,144

16,559

 

Sikkim

4,452

248

 

Tamilnadu

5,93,863

32,758

 

Telangana

1,91,659

13,132

 

Tripura

19,898

813

 

Uttar Pradesh

7,57,332

39,964

 

Uttarakhand

89,783

4,911

 

West Bengal

3,36,619

21,680

 

Total

69,04,649

4,06,310

Source: CGTMSE

This information was given by Minister of state for Micro, Small and Medium Enterprises Shri Bhanu Pratap Singh Verma in a written reply to the Rajya Sabha.

TIOL CORP SEARCH

TIOL GROUP WEBSITES