https://www.taxtmi.com/news?id=13685 A centrally sponsored Credit Guarantee Fund for Factoring will provide partial credit cover for eligible factored receivables to promote factoring without recourse. The Fund, to be set up under the National Credit Guarantee Trustee Company with the Department of Financial Services as Settlor, will be governed by a Management Committee responsible for policy, claim guidelines and periodic review; participating factors will pay a capped guarantee fee while retaining discretion over interest charged to MSMEs. en-us Thu, 11 Dec 2014 10:10:12 +0530 Thu, 11 Dec 2014 10:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13685 A centrally sponsored Credit Guarantee Fund for Factoring will provide partial credit cover for eligible factored receivables to promote factoring without recourse. The Fund, to be set up under the National Credit Guarantee Trustee Company with the Department of Financial Services as Settlor, will be governed by a Management Committee responsible for policy, claim guidelines and periodic review; participating factors will pay a capped guarantee fee while retaining discretion over interest charged to MSMEs. News - Thu, 11 Dec 2014 10:10:12 +0530 https://www.taxtmi.com/news?id=13685