Poket News

Govt extends Credit Guarantee Scheme for Subordinate Debt upto 31st of March 2022

 

  • The Ministry of Micro, Small and Medium Enterprises said, the government had announced creation of Distressed Assets Fund -  Subordinate Debt for Stressed MSMEs’ on 13th May last year under the Atma Nirbhar Bharat Package.
  • The scheme was launched to provide credit facilities through lending institutions to the promoters of stressed Micro, Small and Medium Enterprises.
  • The Govt had earlier decided to extend this scheme for six months from 31 March this year to 30th September.