CGTMSE COVER

CGTMSE Guarantee Cover for MSMEs: Eligibility, Benefits, and How to Apply

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The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was established to cover the credit loss incurred by lenders when Micro and Small Enterprises (MSEs) default on loans. This scheme facilitates collateral-free credit, making it easier for entrepreneurs to access funding while ensuring banks have risk-free loan options. Here’s everything you need to …

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MSME Classification

Understanding MSME Classification and Government schemes

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Businesses in India are categorized into Micro, Small, and Medium Enterprises (MSME) based on two key factors: investment in plant and machinery and annual turnover. This classification plays a vital role in defining the economic backbone of the country. The MSME sector contributes significantly to the Indian economy, accounting for: By driving uniform growth across …

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The Basel Capital Accord: Enhancing Global Bank Stability

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The Basel Capital Accord is an agreement made in 1988 by representatives of G-10 countries to establish standardized risk-based capital requirements for banks across the globe. This framework was developed to make financial institutions more resilient in the face of unforeseen events, providing a stable approach to risk management. What is a Basel Accord? After …

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RTI-Act-2005-Provisions-and-Benefits

Right to Information- RTI Act, 2005, Provisions & Benefits

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The Indian constitution has a provision for providing information regarding the functioning of Government. Though it has been enacted in the Constitution to make the data easily available for the Citizen of India, the RTI Act, 2005 is enacted. Read our article further to understand the Provisions and features of the Right to Information Act, …

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Consumer Protection Act, 2019 (COPRA Act) - Features and Provisions

Consumer Protection Act, 2019 (COPRA) – Features and Provisions

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The concept of protecting consumer rights was first introduced in 1986 with the ordinance Consumer Protection Act, 1986. The act was created to safeguard the consumers from dissatisfactory services and goods. But for safeguarding the consumer interest in the modern era, the Act was upgraded in 2019. Thus, the consumer Protection Act, 2019 replaced the …

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