Supporting growth with funding.

Ideally, at the project-planning stage—before selecting the location, placing machinery orders or starting commercial production so that timely & optimum level subsidy planning can be made by the entrepreneur.

Depending mainly on the technical & financial viability of any legal business, funding in the form of term loans, working-capital facilities, project finance, collateral-free or credit-guarantee-backed facilities, non-fund based facilities & selected equity or structured-funding options can be arranged through an appropriate financial institutions.

No. CGTMSE provides eligible lenders with credit-guarantee cover; it does not grant the loan directly or guarantee sanction to an applicant & the same is subject to approval by the procedure followed by lending institutions in this regard.

A micro or small scale manufacturer or business related service provider can file a suit for his delayed payment for more than 45 days on account of sale of manufactured goods or providing business related services. However, traders, or medium scale businesses are not allowed to take benefit of this scheme.

Yes. Where the statutory conditions are satisfied, the buyer is liable to pay compound interest with monthly rests at three times the bank rate notified by the Reserve Bank of India.