{"id":56015,"date":"2023-04-29T18:05:55","date_gmt":"2023-04-29T12:35:55","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?page_id=56015"},"modified":"2023-04-29T18:05:56","modified_gmt":"2023-04-29T12:35:56","slug":"ministry-of-msme-launches-the-revamped-cgtmse-scheme","status":"publish","type":"page","link":"https:\/\/corpbiz.io\/learning\/newsletter\/ministry-of-msme-launches-the-revamped-cgtmse-scheme\/","title":{"rendered":"Ministry of MSME Launches the Revamped CGTMSE Scheme"},"content":{"rendered":"\n<p>On 27th April 2023, the Ministry of Micro, Small &amp; Medium Enterprises (MSME) launched the revamped CGTMSE Scheme, with an additional corpus support of 9,000 crores in the Union Budget for FY 2023-24 to revamp its Scheme to provide a guarantee for additional \u20b92 lakh crore to Micro &amp; Small Enterprises.<\/p>\n\n\n\n<p>The modifications included a reduction in guarantee fees for loans up to 1 crore by 50%, bringing the minimum guarantee fee to the level of 0.37% pa only. Another major change announced was raising the ceiling for a guarantee from 2 crores to 5 crores and enhancing the threshold limit for claim settlement without initiating legal action to 10 lakhs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 27th April 2023, the Ministry of Micro, Small &amp; Medium Enterprises (MSME) launched the revamped CGTMSE Scheme, with an additional corpus support of 9,000 crores in the Union Budget for FY 2023-24 to revamp its Scheme to provide a guarantee for additional \u20b92 lakh crore to Micro &amp; Small Enterprises. The modifications included a [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":56016,"parent":4648,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/pages\/56015"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=56015"}],"version-history":[{"count":2,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/pages\/56015\/revisions"}],"predecessor-version":[{"id":56018,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/pages\/56015\/revisions\/56018"}],"up":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/pages\/4648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/56016"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=56015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}