Circular No. 142 / 2017-18 – Modification - coverage of Partial Collateral Security

In view of several requests from various MLIs regarding coverage of Partial Collateral Security, it has been decided to make it effective from the date of issue of Circular. Therefore, the modification of allowing partial collateral security under the ambit of Credit Guarantee Scheme of CGTMSE is applicable to fresh credit facilities eligible for guarantee coverage by MLIs on or after February 28, 2018.