Credit
is an important source for all start up, and also for expansion
projects. The practice of cautions lending is still continuing as
misfortune for the SSI entrepreneurs who are not much of land holdings
to offer as collateral securities. Protective mode is prevailing.
Under the revived capitalist economic system taking risk is 
the
basic economic function of banks. Bankers perceives small loans
are more risky, hence collateral security gives more comfort to
protect a Banker from NPA accountability.
On 30th August , 2000 Shri.Vajpai, Hon'ble Prime Minister launched
the Credit Guarantee Fund Scheme. Under the scheme the claims are
settled by Government of India and SIDBI.
C.G.T.S.I. facilitates availment of credit by SSIs engaged in manufacturing
activities /IT software related industry (knowledge based industry)
from formal banking channel purely on the viability of the projects.
Maximum loan guaranteed
by CGTSI is Rs.25 lakhs per SSI unit for fund based facilities (Non-
fund based facilities not eligible).
Amount in default
of a borrowing unit is shared between CGTSI and the lender.
Eligible Institutions
Scheduled Commercial
Bank.
Regional Rural
Bank.
NSIC
NEDFI
Cardinal
Principles.
Lender should extend credit without any collateral/third party
guarantee.
Borrower to avail credit from a single lending institution (an
assisted unit of SFC can get bank
finance and be covered under the scheme.
Interest rate should be levied following the RBI guidelines, in
any case not to exceed 2% over PLR of the lending
institution.
Facilities covered under ECGC will not be covered under CGTSI
Scheme.
"Cover shall run through the tenure of the term
credit/Composite credit''
More
details Contact:
The Kerala State Small Industries Association
2nd floor, Veekay Towers,
T.A.Beerankunju Road, Kochi-682 018.
Tele Fax: 0484-2368421, Ph: 0484-2355789
E-mail: kssiachn@vsnl.net
or www.creditguarantee.org.in
Export Promotion Councils/Commodity
Boards
Attn.
Importers/Exporters: All commodity Importers/Exporters are regulated
thru respective Export Promotional Council. They are the Nodal
Agencies to issue Membership Certificate and Registration to get
IE code, we will have to get the Certificate from Council. The
name of the Councils and commodity Boards and Quality Certification
Agencies are given below:
1. The list of Export Promotion Councils/Commodity Boards
1). Agricultural and Processed Food Products Export Development
Authority (APEDA), 2). Apparel Export Promotion Council, 3). Basic
Chemicals Pharmaceuticals & Cosmetics Export Promotion Council,
4). The Cashew Export Promotion Council of India, 5). Carpet Export
Promotion Council, 6). Chemicals & Allied Products Export
Promotion Council, 7). Coffee Board, 8). Coir Board, 9).The Cotton
Textiles Export Promotion Council, 10). Electronics and Computer
Software Export Promotional Council (ESC), 11). Engineering Export
Promotion Council, 12). Federation of Indian Export Organisations(FIEO),
13). The Gem & Jewellery Export Promotion Council, 14). Export
Promotion Council for Handicrafts, 15). The Handloom Export Promotion
Council, 16). The Indian Silk Export Production Council, 17).
Council for Leather Exports, 18). The Marine Products Export Development
Authority, 19). Overseas Construction Council of India. 20). The
Plastics and Linoleums Export Promotion Council, 21). The Rubber
Board, 22).Shellac Export Promotion Council, 23). The Sports Goods
export Promotion Council, 24). Spices Board, 25). The Synthetic
& Rayon Textiles Export Promotion Council, 26). Tea Board,
27). Tobacco Board, 28). Wool & Woollens Export Promotion
Council, 29). The Powerloom Development and Export Promotion Council,
30). Jute Manufacturers Development Council. 31). Kerala Bureau
of Industrial Promotion (HACCP).
For
Addresses of the above & more details please contact:
The Kerala State Small Industries Association
2nd floor, Veekay Towers,
T.A.Beerankunju Road, Kochi-682 018.
Tele Fax: 0484-2368421, Ph: 0484-2355789
E-mail: kssiachn@vsnl.net
