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Corporate Laws Central Ministry of Micro, Small and Medium Enterprises Micro, Small and Medium Enterprises Development Act, 2006

Collateral Free Credit Guarantee Scheme for Micro enterprises in Haryana

04-Oct-2021 | No. 25/05/2020-4IB-I

Industries and Commerce Department, Haryana has notified the scheme for Collateral Free Credit Guarantee Scheme for Micro enterprises located anywhere in Haryana with an objective to make credit available to micro-enterprises without collateral/third party guarantees. The scheme will commence with effect from 01.01.2021 and will remain in operation for 5 years.
Under this Scheme, reimbursement of 100% guarantee covers the fee charged by the banks or financial institutions from micro enterprises for collateral-free term loans under Credit Guarantee Fund Trust for Micro and small enterprises.

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