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Scope of the Scheme:
Credit facilities eligible under the Scheme
The Trust shall cover credit facilities (Fund based and/or Non fund based) extended by Member Lending Institution(s) to a single eligible borrower in the Micro and Small Enterprises sector for credit facility (i) not exceeding 50 lakh (Regional Rural Banks/Financial Institutions) and (ii) not exceeding 200 lakh (Scheduled Commercial Banks and select Financial Institutions) (iii) above 10 lakh and not exceeding 200 lakhs for Non-Banking Financial Company (NBFCs) by way of term loan and/or working capital facilities on or after entering into an agreement with the Trust, without any collateral security and/or third party guarantees or such amount as may be decided by the Trust from time to time.
Provided further that, as on the material date
Credit facilities extended by more than one bank and/or financial institution jointly and/or separately to eligible borrower up to a maximum of `200 lakh per borrower subject to ceiling amount of individual MLI or such amount as may be specified by the Trust.
Credit facilities not eligible under the Scheme
The following credit facilities shall not be eligible for being guaranteed under the Scheme: –
Responsibilities of lending institution under the scheme: