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<h1>India Approves GSCD Scheme for 100% Guarantee on Corporate Debt, Boosting Market Stability with Rs. 30,000 Crore Cap.</h1> The Central Government of India has approved the Guarantee Scheme for Corporate Debt (GSCD) to provide a 100% guarantee cover for debt raised by the Corporate Debt Market Development Fund (CDMDF). The scheme, managed by the National Credit Guarantee Trustee Company Ltd., aims to stabilize the corporate debt market during financial stress by purchasing investment-grade debt securities. The scheme is initially set for 15 years and is capped at Rs. 30,000 crore. It involves contributions from mutual fund schemes and asset management companies, with SEBI overseeing its operations. The scheme includes a detailed framework for guarantee issuance, monitoring, and settlement mechanisms.