The Ministry of MSME has launched the revamped CGTMSE Scheme. CGTMSE has been provided with an additional corpus support of ₹9,000 crore in the Union Budget for FY 2023-24 to revamp its Scheme to provide a guarantee for an additional ₹2 lakh crore to Micro & Small Enterprises.  Accordingly, the major revamp measures were launched and disseminated to the lending institutions. The modifications included a reduction in guarantee fees for loans upto ₹1 crore by 50% bringing the minimum guarantee fee to the level of 0.37% pa only.    Another major change announced was raising of ceiling for guarantee from ₹2 crore to ₹ 5 crore and enhancing the threshold limit for claim settlement without initiation of legal action to ₹10 lakh.
1. Instead of simply digitizing a paper-based process for registering and operating drones, India has formulated an all-digital process.Â
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Let me know if you need/ a further information about the programme / that...
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The MNC recently roped in a new head of the HR department.