Decision to provide an emergency credit line to Business / MSME from Banks and NBFC up to 20 % of entire outstanding credit as on 29.02.2020
Eligibility: Borrowers up to 25 Crores outstanding and Rs. 100 Crores Turnover
Tenure: Loans to have 4 Year tenor with 12 months on Principle Repayment
Interest: To be Capped
Guarantee: 100 % Credit Guarantee cover to Banks and NBFC on Principle and Interest. No guarantee fees.
In Force: Scheme shall be effective till 31.10.2020
