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.
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.
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.
Credit Guarantee Scheme for Subordinate Debt (CGSSD) for Stressed MSMEs