Haryana to create Rs1,000-cr corpus for MSME sector

Tribune News Service

Chandigarh, May 14

To provide credit to micro, small and medium enterprises (MSME) without collateral security, the Haryana government will create a corpus of Rs 1,000 crore with Central assistance in the upcoming new industrial policy.

“In our new industrial policy, we are trying to create a corpus of Rs 100 crore while the Government of India will top it up with Rs 900 crore. It will be Rs 1,000-crore fund. It will be a state-specific collateral-free credit guarantee scheme (for MSME) which will be monitored by the state,” Haryana Principal Secretary (Industries and Commerce) Devender Singh said while addressing a state-level bankers’ committee meeting yesterday.