In the coming days, the Central Government may make changes in the Credit Guarantee Fund Scheme with the aim of providing easy loans to the businessmen associated with small ie micro, small and medium industries (MSMEs). According to information received by Hindustan through sources, the government is preparing to link the scheme with the enterprise portal, along with making the existing guarantee cover and interest rate uniform. So that after completing the eligibility and paperwork, the businessmen can get the loan within the stipulated time.
Apart from this, the government can also announce a uniform 75 percent guarantee cover. For this, the government is in discussion with the Reserve Bank to set limits on the interest rates on loans. According to the information, the Reserve Bank can issue guidelines related to this in a few days. The government will announce the linking of the existing loan scheme on the enterprise portal, which is likely to bring transparency in the eligibility limits and paperwork for loans. Businessmen complain that at present, government banks are reluctant to give loans under the scheme. On the other hand, non-banking financial companies charge arbitrary interest on loans given under this scheme.
The government had announced in the budget
In the budget, the Finance Ministry has announced comprehensive reforms in the Credit Guarantee Fund Trust for Micro and Small Enterprises (CDTMSE) scheme. According to the data till December 2021, a total of 59,81,653 small businessmen have been registered in the country according to the enterprise registration. Of the total traders, 56.5 lakh people have been registered in micro industries, 3 lakh in small scale industries and more than 30 thousand people in medium industries. Out of these, 4.63 lakh in Uttar Pradesh, 2.31 lakh in Bihar, 1.75 lakh in Delhi, 2.13 lakh in Haryana, 92597 in Jharkhand and 50962 in Uttarakhand have been registered.
In which state how many registered small businessmen