Question
As per the Credit Guarantee Scheme for Micro and Small
Enterprises, what is the maximum credit facility limit eligible for guarantee coverage when extended by Public Sector Banks, Private Sector Banks, Foreign Banks, and select Financial Institutions?Solution
Under the Credit Guarantee Scheme for Micro and Small Enterprises (CGS-MSE), different categories of lenders have different upper credit limits for guarantee coverage. For Public Sector Banks, Private Sector Banks, Foreign Banks, and select Financial Institutions, the maximum eligible credit facility per borrower is ā¹10 crore. This means that loans up to ā¹10 crore extended by these institutions to eligible MSE borrowers can be guaranteed under the scheme. This threshold is higher than those applicable for Regional Rural Banks (ā¹2 crore) or Microfinance Institutions (ā¹50 lakh), reflecting the capacity and scale of these institutions.
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