Tag: MSMEs

Centre extends ‘Credit Guarantee Scheme for Subordinate Debt’ till March 31

The Central government has decided to extend the Credit Guarantee Scheme for Subordinate Debt (CGSSD) for six months till March 31, 2022. As per a press release issued by the Ministry of Micro, Small, and Medium Enterprises (MSMEs) on Monday, the scheme, which was to remain operational till September 31, 2021, has been extended for six months […]

MSMEs, retail loans to take bank NPAs to Rs 10 lakh crore by March 2022

Banks’ bad loans might cross Rs 10 lakh crore by the end of this fiscal, mainly on account of slippages in retail and MSME sectors, a study said. “NPAs are expected to rise to 8.5-9 percent by March 2022, driven by slippages in retail, Micro, Small and Medium Enterprise (MSME) accounts, besides some restructured assets,” the study […]

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