- OBJECTIVE
- Assistance in sustaining and reviving the MSMEs which have either become NPA or are on the brink of becoming NPA.
- Promoter(s) may infuse this amount in MSME unit as equity and thereby enhance the liquidity and maintain debt-equity ratio.
- To provide the requisite financing to the MSME Units where an outright loan is difficult.
- KEY BENEFITS
- Promoter(s) are given credit equal to 15% of their stake (equity plus debt) or Rs. 75 lakh whichever is lower.
- SCHEME APPLICABLE FOR
- Ooperational MSMEs which are stressed and have become NPA as on 30th April, 2020.
- DETAILED INFORMATION
- Promoters are given credit equal to 15% of their stake (equity plus debt) or Rs. 75 lakh whichever is lower with maximum tenor for repayment of 10 years and moratorium of 7 years on payment of principal.
- Provides 90% guarantee coverage
HOW TO APPLY
MSMEs meeting the eligibility criteria may approach eligible Banks. Loan lending bank branch, CEO, CGTMSE, SIDBI,
Swavalamban Bhavan, C-11, G-Block, BKC, Bandra (East), Mumbai 400051.
- DOWNLOADCredit Guarantee Scheme for Subordinate Debt (CGSSD) for Stressed MSMEs
