TIOLCorplaws- Tiol Corplaws

CCPA takes action against unauthorized sale of Walkie-Talkies on E-Com Platforms (See 'Corp Brief')

IBC - Status of financial creditor is granted to individual allottees u/s 5(8)(f) of IBC, but this status does not extend to society they are members of, as society is distinct juristic entity: SC (See 'Legal Desk')

IICA launches registration for Post Graduate Insolvency Programme (See 'Corp Brief')

IBC - 'Pre-existing dispute' capable of barring initiation of CIRP u/s 9 IBC must be genuine and supported by substantive evidence, and not moonshine defence raised merely to obstruct CIRP: SC (See 'Legal Desk')

Rs 1 Lakh Crore R&D Fund to propel Deep Tech Research: Goyal (See 'Corp Brief')

A&C - Mere commercial relationship or marking of emails to principal employer does not establish legal intent to bind third-party sub-vendor to main arbitration agreement: SC (See 'Legal Desk')

Govt positions Tribal Healers as Partners in Tribal Health Transformation (See 'Corp Brief')

A&C - High Courts cannot effectively act as appellate court, re-appreciate evidence, and substitute its own interpretation in place of arbitral award: SC (See 'Legal Desk')

India's Textile & Apparel Exports maintain growth momentum amid global headwinds (See 'Corp Brief')

A&C - Arbitral tribunals must first look to contract that defines legal relationship between parties: SC (See 'Legal Desk')

Ministry of Coal executes Agreements for 3 Blocks with Damodar Valley Corporation (See 'Corp Brief')

IBC - Directors/ promoters cannot be exposed to personal liability through execution, in absence of prior and reasoned determination justifying disregard of corporate personality: SC (See 'Legal Desk')

Govt prioritising data-driven, city-specific weather forecasting for public safety: MoS (See 'Corp Brief')

Misc - If public authority holds any information in form of data, statistics, abstracts, then applicant can have access to same under RTI Act subject to exemptions u/s 8: IBBI (See 'Legal Desk')

GeM marks 7 Years of Women-led MSE Participation in Public Procurement (See 'Corp Brief')

FEMA - Amount of penalty which is to be imposed by Adjudicating Authority is matter of discretion which is necessarily required to be exercised judiciously: SAFEMA (See 'Legal Desk')

CAQM conducts inspection of road stretches maintained by Municipal Corporation of Faridabad (See 'Corp Brief')

NFRA-IndiaAI launch Financial Reporting Compliance Challenge (See 'Corp Brief')

Minister chairs Regional Conference of Labour & Industry Secretaries of States (See 'Corp Brief')

PMLA - Precondition for being proceeds of crime is that property has been derived or obtained, directly or indirectly, by any person as result of criminal activity relating to scheduled offence: SAFEMA (See 'Legal Desk')

Joshi concludes Abu Dhabi Visit with focus on Clean Energy Investment (See 'Corp Brief')

India among top 3 startup nations with substantial number of women-led ventures: MoS (See 'Corp Brief')

PMLA - Company cannot escape from liability on account of its ex-directors: SAFEMA (See 'Legal Desk')

DFS Secy reviews performance of Public Sector Insurance Companies (See 'Corp Brief')

Patent Agent Examination 2026 held with 5,500 Candidates (See 'Corp Brief')

CCI permits Chrys Capital to pick up equity in Nash Industries (See 'Corp Brief')

Arbitration and Conciliation Act - as per Sections 38 & 39 of CPC, a decree can be executed by court with competent jurisdiction, including court where respondent's assets are located: HC (See 'Legal Desk')

PFRDA undertakes NPS Outreach for MSMEs at Vibrant Gujarat (See 'Corp Brief')

TRAI assesses Network Quality Across Nasik and Surrounding Area (See 'Corp Brief')

YUVA AI: A step towards democratising access to AI Knowledge (See 'Corp Brief')

SEBI - Direct acquisition of shares in Vodafone Idea by Government, arising from conversion of interest on deferred spectrum auction and AGR dues into equity, should be exempted from mandatory open offer requirements: SEBI (See 'Legal Desk')

'Jo Vaada Kiya, Wo Nibhana Padega' - Promissory Estoppel Reaffirmed: Supreme Court Reiterates the Rules of State Accountability (See CORP EINSICHT)

Strategic Alliance between ICAR and NDDB to strengthen Innovation (See 'Corp Brief')

BHASHINI Samudaye: Strengthening India's Language AI Ecosystem (See 'Corp Brief')

Industrial Units are entitled to disbursal of capital investment subsidy & DG Set subsidy, and State Functionary is precluded from refusing to disburse same: SC (See 'Legal Desk')

Minister reviews steps to romote manufacturing of Rare Earth Permanent Magnets (See 'Corp Brief')

IIT Delhi hosts Seminar on advancing Quality Assessment of Medicinal Plants (See 'Corp Brief')

IPR - Importance of doctrine of 'initial interest confusion' in pharmaceutical trade, affirming that even fleeting moment of confusion at initial stage is sufficient for infringement: HC (See 'Legal Desk')

Pradhan interacts with PM-YUVA 3.0 authors at World Book Fair 2026 (See 'Corp Brief')

Companies Law - Sec 433 of Companies Act, 2013 , which empowers NCLT/NCLAT to apply Limitation Act, 1963, cannot be given retrospective effect to empower CLB: SC (See 'Legal Desk')

Chouhan addresses Young Leaders at Viksit Bharat Dialogue 2026 (See 'Corp Brief')

Print

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