Lok Sabha Question No. 3147 (UNSTARRED), answered on 2017-03-21
Subject: Credit Enhancement Guarantee Scheme for SC
Ministry: SOCIAL JUSTICE AND EMPOWERMENT
Asked by: FEROZE VARUN GANDHI, RAMA KISHORE SINGH

## GOVERNMENT OF INDIA MINISTRY OF SOCIAL JUSTICE AND EMPOWERMENT LOK SABHA

UNSTARRED QUESTION NO. 3147 TO BE ANSWERED ON 21.03.2017

## CREDIT ENHANCEMENT GUARANTEE SCHEME FOR SC

## 3147. SHRI FEROZE VARUN GANDHI:

SHRI RAMA KISHORE SINGH:

## Will the Minister of SOCIAL JUSTICE AND EMPOWERMENT be pleased to state:

- (a) whether the Government has discontinued the Credit Enhancement Guarantee Scheme for Schedu in the wake of MUDRA and Start - up India Schemes;
- (b) if so, the reasons for discontinuing t he said scheme;
- (c) if not, the details of allocated budget and expenditure incurred during the last two years
- (d) the total number of entrepreneurs who have been assisted under Credit Enhancement Guarant Scheduled Castes a nd under Venture Capital Fund, State - wise; and
- (e) the role played by the National Scheduled Caste Finance and Development Corporation in t the total amount released under Credit Enhancement Guarantee Scheme for Scheduled Castes dur 2015- 16 and 2016 - 17?

## ANSWER

## MINISTER OF STATE FO R SOCIAL JUSTICE AND EMPOWERMENT

(SHRI VIJAY SAMPLA)

- (a) & (b): No, Madam. The Scheme is in operation.
- (c): The details of allocated budget and expenditure is as mentioned below:

| Year     |   Allocation (Rs. in crore) | Expenditure (Rs. in crore)                                                          |
|----------|-----------------------------|-------------------------------------------------------------------------------------|
| 2014- 15 |                      200    | Guarantee cover to the tune of Rs.11.60 crore have been                             |
| 2015- 16 |                        0.01 | Industrial Finance Corporation of India (IFCI) during financial - 16 and 2016 - 17. |

Note: Guarantee cover is provided by the IFCI in the following manner to loan availed by entreprene banks:

- i ) Upto 80%  of loan amount from  Rs.25.00 lakh to Rs.200.00 lakh
- ii ) Upto 70% of loan amount from Rs.201.00 lakh to Rs.500.00 lakh
- iii )Upto 60% of loan amount  or  Rs.500.00 la kh whichever is less where loan amount exceeds Rs.501.00 lakh

The above mentioned guarantee cover have been extended by IFCI in respect of loans aggregatin crore availed by 5  SC entrepreneurs  from various banks.

- (d): Under the Scheme of Cred it Enhancement Guarantee Scheme for Scheduled Castes  proposals of entrepreneurs whom Banks have given loans have been covered  from 3 States and under Venture for SCs proposals of 64 SC entrepreneurs from 17 States have been sanctioned s o far. The State - wise details of the entrepreneurs of the last three years isat Annexure.
- (e)  :  The  National  Scheduled  Caste  Finance  and  Development  Corporation  (NSFDC)  has  no  r operation of  the Credit Enhancement Guarantee Scheme for Scheduled Castes. Guarantee cover to the tun Rs.11.60 crore have been earmarked by IFCI during financial years 2015 - 16 and 2016 - 17.

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## ANNEXURE IN REPLY TO PART (d) OF LOK SABHA UNSTARRED QUESTION NO.3147 FOR 21.03.2017 REGARDING ''CREDIT ENHANCEMENT GUARANTEE SCHEME FOR SC''.

## (i) Credit Enhancement Guarantee Scheme for Scheduled Castes

The details of the Guarantee cover issued for the beneficiaries (State wise) are as below:

| STATES         |   Guarantee covered of Beneficiaries |
|----------------|--------------------------------------|
| Maharashtra    |                                    3 |
| Telangana      |                                    1 |
| Andhra Pradesh |                                    1 |
| TOTAL          |                                    5 |

## ( i ) Venture Capital Fund  for Scheduled Castes

The details of the beneficiaries (state wise) are as below:

| STATES / UTs       |   Number of Beneficiaries |
|--------------------|---------------------------|
| Punjab             |                         3 |
| Gujarat            |                         3 |
| Maharashtra        |                        22 |
| Delhi NCR          |                         5 |
| Telangana          |                        12 |
| Andhra Pradesh     |                         2 |
| Uttar Pradesh      |                         2 |
| Uttarakhand        |                         1 |
| Tamil Nadu         |                         4 |
| Karnataka          |                         2 |
| Pondicherry        |                         1 |
| West Bengal        |                         1 |
| Assam - North East |                         1 |
| Haryana            |                         2 |
| Chhattisgarh       |                         1 |
| Himachal Pradesh   |                         1 |
| Rajasthan          |                         1 |
| TOTAL              |                        64 |