Credit Enhancement Guarantee Scheme For The Scheduled Castes

The scheme Credit Enhancement Guarantee Scheme for the Scheduled Castes (SCs) (CEGSSC) by the Department of Social Justice and Empowerment, Ministry of Social Justice and Empowerment, Government of India, aims to promote entrepreneurship among Scheduled Castes, support innovation and growth-oriented enterprises, facilitate financial inclusion, generate employment, and encourage economic development through credit enhancement guarantees. Through this scheme, credit enhancement guarantee support is provided to banks and financial institutions that extend financial assistance to eligible Scheduled Caste entrepreneurs. The scheme is implemented by IFCI Limited (Industrial Finance Corporation of India Limited) as the nodal agency. Under the scheme, the Government of India has established a corpus fund of ₹200 crore to provide guarantees for working capital loans, term loans, and composite term loans extended to eligible Scheduled Caste entrepreneurs. The scheme seeks to improve access to finance, create wealth and employment opportunities, encourage profitable business ventures, and strengthen forward and backward economic linkages across communities. The scheme is operational across India on an ongoing basis. > Objective: 1. To promote entrepreneurship among the Scheduled Caste population across India. 1. To promote innovation and growth-oriented entrepreneurship among Scheduled Castes. 1. To provide Credit Enhancement Guarantees to banks and financial institutions financing SC entrepreneurs. 1. To create wealth, generate employment, and build confidence among Scheduled Castes. 1. To promote financial inclusion and economic development of SC entrepreneurs. 1. To enhance direct and indirect employment generation for SC communities.