What is CGTMSE? CGTMSE is a fund which provides guarantee for loans given to MSEs i.e. in case borrowers fails to give back loans, bank will get their money from this fund. It is Central Government program to promote MSMEs. Why in news? Government has increased corpus of fund from Rs 2500 crore to …
Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE) Read More »
What is MSME? Micro, Small and Medium Enterprises (MSME) are classified in two Classes: Manufacturing Enterprises: the enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to …
In an effort to support micro and small industries, the Union government is planning to setup the Micro Units Development and Refinance Agency (Mudra) Bank. Do you think there is necessity to set-up such bank? Substantiate. (200 Words) The recent budget announced for creation of MUDRA Bank with an aim to reach out to …
Confederation of Indian Industries (CII) has released its white paper titled ‘Inspections and Regulatory Enforcements for Micro Small and Medium Enterprises (MSMEs) in India.’ What has the CII said? In its report, the CII notes that the factory inspection system in India needs a complete overhaul to bring India among the top 50 countries …