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TMI BlogAmendment in Notification No. S.O. 1443(E) Dated 18-4-2016 - Credit Guarantee Fund for Micro Units (CGFMU)X X X X Extracts X X X X X X X X Extracts X X X X ..... es), New Delhi NOTIFICATIONS S.O. 1443(E) dated 18th April, 2016 , S.O. 1261(E) dated 16th April, 2020, S.O. 2668(E) dated 01st July, 2021, S.O. 457(E) dated 31st January, 2023 and S.O. 1361(E) dated 21st March, 2023 appearing in the Gazette of India: EXTRAORDINARY PART II Section 3 Sub-section (ii) publishing the Scheme of Credit Guarantee Fund for Micro Units (CGFMU) (hereinafter referred to as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth. They are presently defined as under: Shishu: covering loans upto 50,000/- Kishor: covering loans above 50,000/- and upto 5 lakh Tarun: covering loans above 5 lakh and upto 10 lakh Tarun Plus: covering loans above 10 lakh and upto 20 lakh for those entrepreneurs who have availed an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Y. Specified limit of the loan shall be Rs.20 lakh as defined above or such other amount as may be decided by the Fund from time to time. Further, Overdraft loan amount of Rs.10,000/- sanctioned under PMJDY accounts shall also be eligible to be covered under Credit guarantee Fund. Eligible borrower would also mean Self Help Groups who meet eligibility criteria prescribed by the Fund and whose loan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scheme. The Fund may, at its discretion, approve/frame a list of Member Lending Institutions and /or their schemes, for which the guarantee cover will be available, or a negative list for which the guarantee cover shall not be available. 4. All other terms and conditions of the earlier Notifications on the Scheme shall remain unchanged. 5. The Notification shall come into effect from 24.10.2024 [F ..... X X X X Extracts X X X X X X X X Extracts X X X X
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