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Medium scale companies may be given credit risk cover

Medium scale companies may be given credit risk cover

Tuesday, January 21, 2020, 8:51 PM

The government is looking to provide credit-guarantee to mid-sized-companies to access more and cheaper-funds, enlarging the scope of the existing-scheme, which is restricted to micro and small-enterprises. The Credit Guarantee Fund Trust for Micro and Small-Enterprises, run by the government and financial-institution Sidbi, has floated a consultation-paper to banks, where it has estimated that it will get business of around Rs.4,000-crore during the first-year.
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