Bombay HC: Wife Humiliating Husband in Front of His Friends is Amounts to Cruelty  ||  Delhi HC Interprets Doctrine of “Compelled Self-Publication”,  ||  Del. HC Issues Summons to Campus Sutra in Trademark Infringement Suit Filed by Footwear Brand Campus  ||  Bombay HC Dismisses PIL Seeking Restraining Order against PRADA  ||  Delhi HC: Cannot Bypass Bar on Revision of Interlocutory Order by Invoking Inherent Jurisdiction  ||  Delhi HC: Prosecutrix’s Refusal to Undergo Medical Examination Weakens the Case  ||  Bom. HC: No Provision under JJ Act that Allows Adoption of a Child of Foreign Citizenship  ||  SC Passes Order to Prevent Russian Mother’s Attempt to Flee with Child  ||  SC: Deprivation of Natural Heir from Will May Not Raise Suspicion  ||  SC: Denying Female Heir Right in Property Only Exacerbates Gender Division    

Partial modification of notification number S.O. 1443(E), dated the 18th April, 2016- (Ministry of Finance ) (01 Jul 2021)

MANU/FNSV/0041/2021

Commercial

In partial modification to the notification of the Government of India in the Ministry of Finance (Department of Financial Services), number S.O. 1443(E), dated the 18th April, 2016, the Central Government hereby makes the following amendments to the Scheme known as the Credit Guarantee Fund for Micro Units (CGFMU) (hereinafter referred to as the said Scheme), namely:-

1. In the said Scheme, in paragraph 2,-

(a) in sub-paragraph (xi), the brackets and words "(Interest rate as stipulated by Mudra; presently not to exceed 12% p.a.)" shall be omitted;

(b) for sub-paragraph (xii), the following sub-paragraph shall be substituted, namely:-

'xii. "Eligible borrower" means new or existing micro unit / enterprise falling under any sector covered under PMMY or as defined in the MSMED Act, 2006 (as amended from time to time), who meets eligibility criteria prescribed by the Fund and whose credit requirement does not exceed the specified limit under PMMY. Specified limit of the loan shall be Rs.10 lakh or such other amount as may be decided by the Fund from time to time. Further, Overdraft loan amount of Rs.10,000/- sanctioned under PMJDY accounts shall also be eligible to be covered under Credit guarantee Fund. Eligible borrower would also mean Self Help Groups who meet eligibility criteria prescribed by the Fund and whose loan amount is above Rs.10 lakh and upto Rs.20 lakh.'.

2. In the said Scheme, in the notes to the attachment, after the words and letters "credit management by MLIs", the following words shall be inserted, namely:-

"This payout cap shall, however, not be applicable on the SHG portfolio."

3. All other terms and conditions of the said Scheme shall remain unchanged.

Tags : PARTIAL MODIFICATION   NOTIFICATION   AMENDMENT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved