(a): whether the Government has enhanced the corpus of the Credit Guarantee Fund Scheme for Small Scale Industry sector;
(b): if so, the details thereof;
(c): the manner in which the Ministry is planning to utilise this corpus;
(d): whether the Government has constituted an Empowered Group for cluster development and utilise the above money optimally for cluster development apart from other things; and
(e): if so, the details thereof?
MINISTER OF SMALL SCALE INDUSTRIES & AGRO AND RURAL INDUSTRIES (SHRI MAHABIR PRASAD)
(a)to(c): The corpus of the Credit Guarantee Fund Trust for Small
Industries has been enhanced to Rs. 1336.55 crore. The corpus is
meant for settling claims of member lending institutions (MLIs) of
the Trust against loans advanced to the small scale industries by
the MLIs and guaranteed by the Trust, after the MLIs have taken
prescribed steps for recovery of the loans.
(d)&(e): The Government has decided to constitute an Empowered
Group of Ministers to lay down policies for cluster development
and oversee its implementation. The Government (Ministry of Small
Scale Industries) has, however, been implementing a scheme for
cluster development, namely, Small Industry Cluster Development
Programme, with specific budgetary allocation.