competition success review Published this article page no 93 In the 221 resolved cases 44% recovery has been achieved since inception of IBC 2016. About 13566 cases involving a total amount of Rs. 5.01 lakh crores have been withdrawn before admission under provisions of IBC as of Feb 2020. This indicates how IBC has been encouraging settlements. 88 About CGTMSE Government of India launched Credit Guarantee Scheme (CGS) to strengthen credit delivery system and facilitate flow of credit to the MSE sector. To operationalize this scheme Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). What is Subordinate debt? Capital distribution of any entity can be broadly divided in 5 categories as shown in the image. In the case of liquidation of the entity subordinated debt is the loan thats paid after all other corporate debts and loans are repaid. . Equity infusion for MSMEs through Fund of Funds (Allocation Rs. 50000 crore) The scheme aims to create a fund of funds with a corpus of Rs. 10000 crore for longterm equity infusion in MSMEs. Operational Mechanism o The Fund of Funds will be operated through a Mother Fund and few daughter funds. o This fund structure will help leverage Rs. 50000 crore of funds at daughter funds level competition success review buy.
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