Download as PDF Print
PDF/WORD(Hindi) PDF/WORD
GOVERNMENT OF INDIA
MINISTRY OF MICRO,SMALL AND MEDIUM ENTERPRISES
LOK SABHA
STARRED QUESTION NO: 433
ANSWERED ON:  25.03.2021
Beneficiaries under ECLGS
Virendra Kumar
Pratima Bhoumik
Will the Minister of



MICRO,SMALL AND MEDIUM ENTERPRISES be pleased to state:-


(a) the number of beneficiaries in various categories of Micro, Small and Medium Enterprises (MSMEs) under Emergency Credit Line Guarantee Scheme (ECLGS), State-wise;

(b) whether eligible and COVID affected MSMEs have provided incentive under ECLGS and if so, the details thereof;

(c) the number of MSME owners who are selling properties to regularise their current loans and to make re-investment in their business;

(d) whether there is any proposal to provide exemption from capital gain tax to MSMEs; and

(e) if so, the details thereof?


ANSWER
MINISTER OF MICRO, SMALL AND MEDIUM ENTERPRISES
(SHRI NITIN GADKARI)

(a) to (e): A statement is laid on the Table of the House.


STATEMENT REFERRED TO IN REPLY TO PART (a) to (e) OF THE LOK SABHA STARRED QUESTION No. *433 FOR ANSWER ON 25.03.2021.

(a) & (b): The Emergency Credit Line Guarantee Scheme (ECLGS) is implemented by Department of Financial Services (DFS), Ministry of Finance. As per the information furnished by DFS, the number of beneficiaries under Emergency Credit Line Guarantee Scheme (ECLGS) categories of individuals in Micro, Small and Medium Enterprises (MSMEs) and State-wise are attached as Annexure I & Annexure II.

The Government has announced Rs. 3 lakh crores Collateral free Automatic Loans under Emergency Credit Line Guarantee Scheme (ECLGS) for business, including MSMEs, for those accounts which are classified as SMA-0 and SMA-1. However, the Government has also announced Credit Guarantee Scheme for Subordinate Debt (CGSSD) scheme for the promoters of stressed MSMEs viz. SMA-2 and NPA accounts which are eligible for restructuring as per RBI guidelines. The scheme is to provide guarantee coverage for the CGSSD to provide Sub-Debt support in respect of restructuring of MSMEs. 90% guarantee coverage would come from scheme/ Trust and remaining10% from the concerned promoter(s). The objective of the scheme is to provide personal loan through banks to the promoters of stressed MSMEs for infusion as equity / quasi equity in the business eligible for restructuring, as per RBI guidelines for restructuring of stressed MSME advances.

In addition the other ongoing schemes of Ministry of MSME viz. Prime Minister’s Employment Generation Programme (PMEGP) for creation of non-farm employment, Credit Guarantee Scheme (CGTMSE) for collateral free loans to Micro and Small Enterprises, Credit linked Capital Subsidy-Technology Upgradation Scheme (CLCS-TUS) for technology upgradation for MSEs and Interest Subvention Scheme for incremental Credit to MSME are also being implemented. The eligible units can take benefit under these schemes also.

(c) to (e): The numbers regarding MSME owners who are selling their properties to regularize existing loans and reinvest in business owners, are not available with the Ministry of MSME and as of now there is no such proposal to exempt MSMEs from capital gains tax.


Developed and Hosted by National Informatics Centre (NIC)
Content on this website is published, managed & maintained by Software Unit, Computer (HW & SW) Management. Branch, Lok Sabha Secretariat