The Scheme is meant for the promoters of MSME units which are stressed viz. SMA-2, and NPA accounts as on 30.04.2020 and can become commercially viable as per the assessment of the Bank.

Units should have been standard as on 31.03.2018 and have been in regular operations, either as standard accounts, or as NPA accounts during financial year 2018-19 and financial year 2019-20.

MSME unit will be given credit (in the form of personal loan to promoter) equal to 15% of his/her stake (equity plus debt) or `75 lakh, whichever is lower.

The Sub-Debt facility shall have a maximum tenure of 10 years (with moratorium of maximum 7 years) from the guarantee availment date or March 31, 2021, whichever is earlier.

For this scheme, 90% guarantee coverage would come from CGTMSE and remaining 10% from the concerned promoter(s).

IDBI Bank has launched a Distressed Asset Fund - Subordinate Debt for Stressed MSMEs (CGSSD) Scheme, which aims at providing personal loans to promoters of stressed MSMEs for infusion as equity/ quasi equity in business. Salient features of the Scheme are:

You are advised to contact Branch Manager/ Asset Officer for further details.

NOTICECredit Guarantee Scheme for Subordinate

Debt for Stressed MSMEs (CGSSD)