By Mazusida - 08.03.2020
Under PCGS , the government provides 20% first loss sovereign guarantee to PSBs, which will result in total liquidity infusion worth ₹ Cabinet approves modifications in the existing "Partial Credit Guarantee Scheme (PCGS)" Portfolio Guarantee for purchase by PSBs of Bonds.
At the end of six months, i. As part of Rs Rs 11, crore, the statement said. Under PCGS 2. pcgs scheme
Under SLS, proposals of Rs 7, crore have been approved for purchase so far, it said. Earlier this month, the government widened the scope of the Rs 3-lakh crore MSME credit pcgs scheme scheme by doubling the upper ceiling of loans pcgs scheme to Rs 50 crore and including certain individual loans given to professionals like doctors, pcgs scheme and chartered accountants for business purposes under pcgs scheme ambit.
Briefing the media about the changes made, Finance Minister Nirmala Sitharaman had said the scheme will now include individual loans given for business purposes within pcgs scheme ambit of the Emergency Credit Pcgs scheme Guarantee Scheme ECLGSsubject to pcgs scheme eligibility pcgs scheme of the scheme.
To include more companies to take benefit of the scheme, the upper ceiling of loans outstanding as on February https://obzor-market.ru/address/how-to-make-a-mining-simulator-in-minecraft-ps4.html for being eligible under the scheme was increased pcgs scheme Rs 25 crore to Rs 50 crore.
The maximum amount of guaranteed emergency credit line GECL funding under the scheme pcgs scheme also pcgs scheme increase from Rs 5 crore at present to Rs 10 crore, she said.
Announced as bitcoin blacklist of the government's economic package to tackle pcgs scheme impact of COVID, the scheme is now applicable for companies with an annual turnover of Rs crore as against the earlier Rs crore.
The finance minister had said that the intended changes are likely to expand the ambit of ECLGS to pcgs scheme an additional pcgs scheme of more than Rs 1 lakh pcgs scheme eligible under the scheme.
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