Government have issued orders to create a fund of Rs.100.00 crores from SCP funds and Rs.50.00 crores from TSP funds for a State level “Credit Guarantee Trust for Micro & Small Enterprises (CGTMSE)” type of scheme for the benefit of SC/ST entrepreneurs.
Commissioner of Industries, Hyderabad has stated that Government of Telangana have been implementing various schemes for inclusive growth of the state by building competency in Scheduled Caste & Scheduled Tribe Entrepreneurs. In this regard, the Non availability of Financial assistance from Banks /Financial Institutions to the SC and ST entrepreneurs for want of security / third party guarantee for setting up of Micro and small enterprises is a major hurdle for inclusive growth of the state.
The Commissioner of Industries , Hyderabad has also stated that in order to avoid the issues of security / third party guarantee in obtaining credit facility for setting up of Micro and Small enterprises by the SC/ST Entrepreneurs, Government have announced a new industrial incentive policy i.e., T-PRIDE vide reference 1st read above, wherein many fiscal incentives were announced and also a State level CGTMSE type of scheme for the benefit of SC/ST entrepreneurs by providing a fund of Rs.100.00 crores from SCP funds and Rs.50.00 crores from TSP funds and requested the Government to issue appropriate orders.
Government, after careful examination of the matter, hereby issue order to implement the scheme for the benefit of SC/ST entrepreneurs as contemplated in G.O.Ms.No.29, Industries and Commerce (IP&INF) Department, dt.29.11.2014 without linking to any GOI scheme. The modalities and rules for this CGTMSE scheme will be notified in due course.
The Commissioner of Industries, Hyderabad shall take necessary further action in the matter accordingly.
Industries & Commerce Department – Incentives for setting up of New Industrial Enterprises in Telangana
State – T-PRIDE (Telangana State Program for Rapid Incubation of Dalit Entrepreneurs) – Credit Guarantee Trust for Micro & Small Enterprises (CGTMSE) type of scheme for the benefit of Scheduled Caste / Scheduled Tribe entrepreneurs – Implementation of the Scheme – Orders – Issued
INDUSTRIES & COMMERCE (IP & INF) DEPARTMENT G.O.MS.No. 83 Dated: 18/11/2015.
Read the following:
1) G.O.Ms.No.29, Ind.& Com (IP&INF) Dept. dt.29.11.2014
2) From Commissioner of Industries, Hyderabad, Single File No.39/01/2015/CGTMSE/Budget 2015-16, dt. 9.7.2015