Enhanced credit guarantee coverage to profit 2.7 mn women-led MSMEs: Manjhi

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Enhanced credit guarantee coverage to profit 2.7 mn women-led MSMEs: Manjhi - Business Standard

Quick Summary:

Women-owned micro and small enterprises will get enhanced credit guarantee coverage of 90 per cent under the CGTMSE scheme, after its board approved the new guidelines last week, Union Minister Jitan Ram Manjhi said on Tuesday.

Prior to the approval of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Board, women-owned units were entitled to getting 80 per cent credit guarantee coverage.

The decision is expected to benefit 27 lakh women-led MSMEs, he said.