Jun 24, 2020
Ministry of MSME Launched Funding Scheme For Distressed MSME sector
#MinistryofMSME Launched #Funding Scheme For Distressed #MSME sector
Minister of MSME, Shri Nitin Gadkari today launched the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”.
As per the Scheme, the guarantee cover worth Rs. 20,000 crores will be provided to the promoters who can take debt from the banks to further invest in their stressed MSMEs as equity.
It was being felt that the…
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