Lok Sabha Question No. 3691 (UNSTARRED), answered on 2019-07-16
Subject: Credit Guarantee Enhancement Scheme for SCs
Ministry: SOCIAL JUSTICE AND EMPOWERMENT
Asked by: Jayadev Galla

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

## UNSTARRED QUESTION NO. 3691 TO BE ANSWERED ON 16.07.2019

## CREDIT GUARANTEE ENHANCEMENT SCHEME FOR SCs

## 3691. SHRI JAYADEV GALLA:

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

- (a) the aims and objectives of Credit Guarantee Enhancement Scheme for Scheduled Castes;
- (b) the performance of the scheme since it was launched in 2014;
- the number of beneficiaries under the scheme in the country during the last four years, year, location and State-wise;
- (d) whether it is not true that there have been demands to increase credit guarantee cover under this scheme from a minimum of Rs. 15 lakh to Rs. 50 lakh; and
- (e) if so, the action taken by the Government thereon?

## ANSWER

## MINISTER OF STATE FOR SOCIAL JUSTICE AND EMPOWERMENT (SHRI RATTAN LAL KATARIA)

- The Department of Social  Justice &  Empowerment,  Ministry of Social  Justice & Empowerment; Government of India, has sponsored the "Credit Enhancement Guarantee Scheme for Scheduled Castes' under its social sector initiatives:

The objective of the Credit Enhancement Guarantee Scheme for Scheduled Castes (CEGSSC) is

- (i) to promote entrepreneurship amongst the Scheduled Castes, by providing Credit Enhancement Guarantee to Member Lending Institutions (MLIs); who in turn provide financial assistance to these entrepreneurs
- (ii) to   promote financial inclusion of SC entrepreneurs and to enhance direct and indirect employment for SC population:
- (b): The scheme was launched on 6th 2015 i.e. during financial year 2015-16. Since Financial Year 2015-16, 25 Member Lending Institutions are registered under it: Upto the Financial Year 2018-19, loans aggregating to Rs 39.18 crore have been sanctioned by some of the Member Lending Institutions against which the total guarantee cover of Rs.28.01 crore has been provided by IFCI May,
- (c): There are 16 companies benefitted under the scheme during the last 4 years The details of companies benefited during the last four years, year-wise, location wise and State-wise are at Annexure-I
- (d) (e): Initially loans between Rs. 25 lakhs and Rs. 5 crore were covered under the original scheme. The scheme was revised to reduce the minimum cover to Rs. 15 lakhs as against the Rs. 25 lakhs as per the original scheme:

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## regarding "Credit Guarantee Enhancement Scheme for Scheduled Castes"

| SI No                     | Company Name                                                                             | Total Facility Amount Sanction by Banks                                     | Eligible Guarantee Cover provided by IFCL   | Project                                                                       | (Amountin lakhs) State                   | Bank Name                                |
|---------------------------|------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------|---------------------------------------------|-------------------------------------------------------------------------------|------------------------------------------|------------------------------------------|
| FY 2015-16                | FY 2015-16                                                                               | FY 2015-16                                                                  | FY 2015-16                                  | FY 2015-16                                                                    | FY 2015-16                               | FY 2015-16                               |
|                           | MIs. Abhyudaya Green Economic Zones Pvt: Ltd. Chevella Road, Ranga Reddy Distt_Telangana | 734.5                                                                       | 440.70                                      | Solar Power                                                                   | Telangana Corporation Bank; Hyderabad    | Telangana Corporation Bank; Hyderabad    |
|                           | Mls. Palnadu Solar Power Pvt. Ltd. (Since withdrawn)                                     | 1183                                                                        | 500.00                                      | Solar Power                                                                   | Andhra Pradesh Syndicate Bank;           | Andhra Pradesh Syndicate Bank;           |
|                           | Ms. Arti Agro & Food Pvt: Ltd: Mumbai (since withdrawn)                                  | 300.00                                                                      | 210.00                                      | Food Products                                                                 | Vijayawada Maharashtra Indian Bank       | Vijayawada Maharashtra Indian Bank       |
| FY 2016-17                | FY 2016-17                                                                               | FY 2016-17                                                                  | FY 2016-17                                  | FY 2016-17                                                                    | FY 2016-17                               | FY 2016-17                               |
|                           | Avani Metacast Pvt. Ltd_                                                                 | 185.00                                                                      | 148.00                                      | Aluminium Product                                                             | Maharashtra Syndicate Bank Pune          | Maharashtra Syndicate Bank Pune          |
| 2                         | CPR Laboratories Pvt, Ltd.                                                               | 446                                                                         | 312.20                                      | Manufacturing of Medicines                                                    | Visakhapatnam Andhra Bank                | Visakhapatnam Andhra Bank                |
|                           | Mls. March Ventures Pvt: Ltd. 20"6                                                       | 61.32                                                                       | 49.05                                       | Manufacturing of Bottled Mineral water                                        | Pune, Indian Bank Pune,                  | Pune, Indian Bank Pune,                  |
|                           | Mls. Rathnam Pharmaceuticals Pvt Ltd.                                                    | 400,00                                                                      | 280.00                                      | Manufacturing of Medicines                                                    | Gangavaram, Hyderabad,                   | Gangavaram, Hyderabad,                   |
| Syndicate Bank FY 2017-18 | Syndicate Bank FY 2017-18                                                                | Syndicate Bank FY 2017-18                                                   | Syndicate Bank FY 2017-18                   | Syndicate Bank FY 2017-18                                                     | Syndicate Bank FY 2017-18                | Syndicate Bank FY 2017-18                |
|                           | Mls. Laxmi Barter Pvt. Ltd.                                                              | 436.00                                                                      | 305.2                                       | Tata Motors Heavy Vehicles Dealership                                         | Bank                                     | Bank                                     |
| 2                         |                                                                                          | 50.00                                                                       | 50.00                                       | Manufacturing of Bakery Items_                                                | Najafgarh, Delhi, Vijaya Bank            | Najafgarh, Delhi, Vijaya Bank            |
|                           | Mls. Steeledge Pipes & Scaffolds Pvt. Ltd:                                               | 200.00                                                                      | 160.00                                      | Manufacturing of Steel Pipes_                                                 | Bhillai, Chattisgarh, Bank of India      | Bhillai, Chattisgarh, Bank of India      |
|                           | Mls. Veracity Natural Resources Pvt. Ltd:                                                | 214.00                                                                      | 149.80                                      | Manufacturing of Manganese Oxide and Manganese Dioxiide                       | Nagpur; Maharashtra, Bank of Baroda      | Nagpur; Maharashtra, Bank of Baroda      |
| FY 2018-19                | FY 2018-19                                                                               | FY 2018-19                                                                  | FY 2018-19                                  | FY 2018-19                                                                    | FY 2018-19                               | FY 2018-19                               |
|                           | Ms. Shakthi Infra Ventures (India) Pvt. Ltd.                                             | 196.25                                                                      | 157.00                                      | Manufacturing facility of Bitumen mixing plant comprising hot mix and wet mix | Hyderabad; Canara Bank                   | Hyderabad; Canara Bank                   |
|                           |                                                                                          | 146.00                                                                      | 116.80                                      | Manufacturing of Spinning yarn                                                | Akola; Maharashtra;, Union Bank of India | Akola; Maharashtra;, Union Bank of India |
| 3                         | Mls. Plast Pack Pvt: Ltd_ Jay                                                            | 300.00                                                                      | 210.00                                      | Manufacturing of different kind of carry bags                                 | Canara Bank, Pimpri, Pune (Maharashtra)  | Canara Bank, Pimpri, Pune (Maharashtra)  |
|                           | Mls. Chandan & Chandan Inds. Pvt. Ltd:                                                   | 289.09                                                                      | 202.36                                      |                                                                               | Syndicate Bank; Tronica City_Ghaziabad   | Syndicate Bank; Tronica City_Ghaziabad   |
| 5                         | Mls. CPR Laboratories Pvt. Ltd, Alc II Visakhapatnam (AP)                                | 50.00 (Already availed CC limit of Rs.90 lakhs) Total CC limit of Rs.140.00 | 40.00 (80% of Working                       |                                                                               |                                          |                                          |
|                           | Ms. Siva Sai Seeds                                                                       | lakhs                                                                       | total capital loan of Rs.[40.00 lakhs)      | Manufacturing of Bulk Drugs and intermediaries.                               | Andhra Maharanipeta Visakhapatnam:       | Bank; Branch;                            |
|                           | Munagala (Telengana)                                                                     | 150.00                                                                      | 120.00                                      | Paddy Seeds processing for propagation                                        | Andhra Bank; Mahabubnagar, (Telengana)   |                                          |
|                           | Mls. PJS Construction Pvt: Ltd: Basti, Gorakhpur; UP                                     | 60.00                                                                       | 60.00                                       | For construction of flyover and bridges                                       | SBI, Gorakhpur; UP                       |                                          |