Udyam is the government’s online registration and certification platform for MSMEs. For MSEs based in the Northeast region, Jammu & Kashmir and Ladakh, the cover limit is up to 80 per cent for loans up to Rs 50 lakh and up to 75 per cent for loans between Rs 50 lakh and Rs 5 crore.
Under the scheme, for loans up to Rs 5 lakh, the guarantee cover available for micro-enterprises is up to 85 per cent, while for loans between Rs 5 lakh and Rs 5 crore, the cover is up to Rs 75 per cent.Īlso read: Udyam Assist Platform: How govt’s assist platform registers informal micro units on Udyam portalįor women entrepreneurs, SC-ST entrepreneurs, MSEs situated in aspirational districts, ZED-certified MSEs, etc., the guarantee cover available is up to 85 per cent for loans up to Rs 5 crore. Introduced back in July 2000 with an initial outlay of Rs 2,500 crore from the government and the Small Industries Development Bank of India (SIDBI), the scheme was strengthened in this year’s budget with an infusion of another Rs 9,000 crore in the CGTMSE corpus, effective April 1, 2023. The government’s Credit Guarantee Fund for Micro and Small Enterprises (CGTMSE) is one of the key initiatives taken to provide micro and small enterprises (MSEs) with collateral-free loans.
This will allow the CGT Fund access to the data of MSEs availing the CGT scheme facility across the enterprise and social categories.Īlso read: Haryana to set up an MSE facilitation council in every district 80% jump in delayed payment applications filed by micro, small enterprises in Q1 from year-ago: Govt data- Narayan Rane July 6, 2023Īccording to the information shared on Twitter, both platforms will share the data with each other using API (Application Programming Interface) integration, which is a connection between two or more applications that allow systems to exchange data sources.
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