Amendment in Notification No. S.O. 1443(E) Dated 18-4-2016 - Credit Guarantee Fund for Micro Units (CGFMU)

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....Delhi NOTIFICATIONS S.O. 1443(E) dated 18th April, 2016, S.O. 1261(E) dated 16th April, 2020, S.O. 2668(E) dated 01st July, 2021, S.O. 457(E) dated 31st January, 2023 and S.O. 1361(E) dated 21st March, 2023 appearing in the Gazette of India: EXTRAORDINARY PART II - Section 3 - Sub-section (ii) publishing the Scheme of Credit Guarantee Fund for Micro Units (CGFMU) (hereinafter referred to as the sa....

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....needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth. They are presently defined as under: * Shishu: covering loans upto 50,000/- * Kishor: covering loans above 50,000/- and upto 5 lakh * Tarun: covering loans above 5 lakh and upto 10 lakh * Tarun Plus: covering loans above 10 lakh and upto 20 lakh for those entrepr....

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....does not exceed the specified limit under PMMY. Specified limit of the loan shall be Rs.20 lakh as defined above or such other amount as may be decided by the Fund from time to time. Further, Overdraft loan amount of Rs.10,000/- sanctioned under PMJDY accounts shall also be eligible to be covered under Credit guarantee Fund. Eligible borrower would also mean Self Help Groups who meet eligibility c....