Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
← back
Informative
CGTMSE: Informal units with Udyam certificate are eligible for loan guarantee without declaration of GST exemption
Update / Judgement Date
28 Aug 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Financial ManagementMSME & Udhyam
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has introduced a scheme allowing informal units with an Udyam certificate to secure loan guarantees without declaring GST exemption. This policy aims to simplify access to finance for smaller businesses and promote their formalization. The initiative is expected to enhance financial inclusion and support the growth of micro and small enterprises in India.
