The Meghalaya government signed an MoU with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGFTMSE) to help facilitate flow of credit to MSME borrowers.
MOUs and Agreement
The Meghalaya government signed an MoU with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGFTMSE) to help facilitate flow of credit to MSME borrowers. The MoU between the state Finance department and the CGTMSE under the Ministry of MSME was signed to implement the 'Meghalaya Credit Guarantee Scheme'. This MoU will strengthen the credit delivery system. Currently, the loans taken by MSME borrowers are covered under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) against a risk coverage of 75 percent of the loan amount under various MSME schemes. Considering average loan size of Rs1 lakh, more than 25,000 units would be supported through this state government intervention.
____________________________
