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Financial & Credit Support Schemes

Financial & Credit Support Schemes

These schemes focus on making credit easily accessible and affordable, often without collateral.

 

  • Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE):

    • Objective: Provides collateral-free loans (both term loans and working capital) to Micro and Small Enterprises (MSEs) up to a limit of ₹200 lakh.

    • Benefit: The trust provides a guarantee cover to the lending financial institution, reducing their risk.

  • Prime Minister's Employment Generation Programme (PMEGP):

    • Objective: A credit-linked subsidy scheme for generating employment opportunities by establishing new micro-enterprises in both rural and urban areas.

       

    • Benefit: Provides margin money subsidy ranging from 15% to 35% of the project cost for new manufacturing projects up to ₹50 lakh and service projects up to ₹20 lakh.

       

  • Credit Linked Capital Subsidy Scheme for Technology Upgradation (CLCSS):

    • Objective: To facilitate technology up-gradation by providing a capital subsidy to MSEs.

    • Benefit: Provides an upfront subsidy of 15% on institutional credit up to ₹1 crore (maximum subsidy of ₹15 lakh) for induction of well-established and proven technologies in approved sub-sectors.

  • Raising and Accelerating MSME Performance (RAMP) Scheme:

    • Objective: A World Bank-assisted scheme to improve the capacity, support programs, and governance of MSME institutions and scale up schemes like Technology Upgradation.