Question
The Credit Guarantee Scheme for Subordinate Debt (CGSSD)
scheme which was only valid till 31st March 2021 has now extended for_____?Solution
The scheme was launched on June 24, 2020, to provide credit to the promoters of stressed MSMEs viz. SMA-2 and NPA accounts who are eligible for restructuring as per RBI guidelines on the books of the lending institutions through lending institutions. Now this scheme is extended till 31st March 2023.
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