New Delhi, Feb. 16 -- MSME Minister Narayan Rane unveiled the Special Provision for Informal Micro Enterprises under Credit Guarantee Scheme, to facilitate access to collateral-free loans of up to Rs 20 lakh through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
Launched on Wednesday, this scheme is designed specifically for Informal Micro Enterprises (IMEs), which operate outside the purview of the Goods and Services Tax (GST) regulations.
This scheme aims to provide much-needed credit support to micro and nano enterprises, with the overarching goal of mitigating perceived credit risks, as highlighted by the MSME Ministry in a recent statement.
Under this initiative, IMEs can now seek financial assistance f...