Credit Guarantee Scheme for Subordinate Debt (CGSSD) extended up to 2022

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.