Increase in ceiling of coverage from Rs.50 Lakh to Rs.100 Lakh

We are happy to inform that in terms of the Economic Stimulus Package announced by Government of India on December 07, 2008, it has been decided to increase the coverage of the eligible credit limit per borrower under the CGS from Rs.50 lakh to Rs.100 lakh extended by Scheduled Commercial Banks and select Financial Institutions to units in the MSE sector.

For  further  information   please  read  Circular No.50  under circulars section.