Centre may tweak credit guarantee fund norms to help MSMEs

Currently, small businesses can get loans up to Rs 50 lakh; with tweaking they'll get up to Rs 2 cr

The centre may soon tweak the norms of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme to favour small and medium enterprises (MSE) in the country.

During an interaction with the Bihar Industries Association (BIA), Minister of State for Finance Arjun Ram Meghwal agreed to revisit the norms of the scheme, so that small businesses will be abloe to avail financial assistance up to Rs 2 crore. 

"MSME sector is our focus. On December 31, the Prime Minister announced that the CGTMSE limit would be raised. We want to provide our MSEs all the facilities and remove