Of the Rs 95 crore credit that the Credit Guarantee Fund Trust For Small Industries (CGTSI) has disbursed, Karnataka leads with an intake of Rs 17 crore.
The 623 SSIs that have availed of this facility are operating in the areas of food processing, paper manufacturing, IT and chemicals. And out of the 18 districts where these are located, Bangalore tops the list followed by Mysore and Dharwar.
Announcing this at an interactive session on 'Credit flow to SSI sector', with bankers in Bangalore, Mr N. Venkatasubramanyan, CEO, CGTSI, said that, encouraged by the good response in the State, the CGTSI has taken up the Mutual Guarantee Fund Pilot Project. Here it will extend guarantees to the 'dedicated bank' for the credit given to its member industrial units. Partnering with CGTSI in this project are Karnataka Small- Scale Industries Association (KASSIA) and Association of Lady Entrepreneurs of Andhra Pradesh (ALEAP).
