Credit Guarantee Scheme for Subordinate Debt (CGSSD) NEW

Credit Guarantee Scheme for Subordinate Debt (CGSSD)

1) Validity – The credit guarantee scheme for subordinate debt will valid till March 31, 2023.

2) Eligible Borrowers –
a) MSMEs whose accounts have been standard as on 31.03.2018.
b) Fraud / Willful defaulter will not be considered under the scheme.
c) MSME units which are stressed, viz, SMA-2 and NPA accounts as on 30.04.2022 who are eligible for restructuring as per RBI guidelines.

3) Nature of Assistance : MSME unit will be given credit equal to 15% of his/her stake (equity plus debt) or Rs 75 Lakh which-ever is lower.

To know more please click on the below link – 

Credit Gurantee Scheme for Suboridnate Debt