To provide personal loan to the promoters of stressed MSMEs for infusion as equity / quasi equity in the business eligible for restructuring, as per RBI/Bank’s guidelines for restructuring of stressed MSME advances. The loans would be covered under credit guarantee by the CGTMSE upto 90% and remaining 10% is to be secured by collateral security from the promoter Borrower.
Credits – BOB ( Bank of Baroda )