Business

Government Cleared More Than 53 Lakh Loans During June-End Period Of 2021-22

   Download Android App    Share in      FullScreen   CheckVideos

More than 53 lakh loans were sanctioned under Credit Guarantee Scheme in first quarter of 2021-22Under the Credit Guarantee Scheme (CGS) of the Centre, loans totalling 53,86,739  were approved during the first quarter of the current financial year (2021-22).

The period witnessed a surge in the second wave of the Coronavirus pandemic, which severely hit jobs and businesses, especially small ones.The scheme, which is implemented by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), cleared loans worth Rs 2,72,007 crore between April-June period of 2021-22, according to the information provided by the Ministry of Micro, Small and Medium Enterprises. CGTMSE reported that guarantee approvals with respect to banks and non-banking financial companies (NBFCs) were Rs 6,693 crore and Rs 6,603 crore respectively during first quarter of 2021-22 as against Rs 6,041 crore and Rs 2,934 crore respectively during the corresponding period of the previous fiscal (2020-21).All new and existing micro and small enterprises engaged in manufacturing or services including trading activity are eligible to be covered under CGS.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Business


20