Centre has approved the extension of ‘Credit Guarantee Scheme for Subordinate Debt’ (CGSSD) up to 31st March 2022. CGSSD was launched on 24th June 2020 under Distressed Assets Fund – Subordinate Debt for Stressed MSMEs component of Aatma Nirbhar Bharat Package.
Aim: Provide credit facility through lending institutions to promoters of stressed MSMEs like SMA-2 and NPA accounts who are eligible for restructuring as per RBI guidelines on the books of the Lending institutions.
