Guarantee Scheme for Corporate Debt

On 26th July, 2023, the Central Government approved the ‘Guarantee Scheme for Corporate Debt’ (GSCD) for providing a guarantee cover against debt raised or to be raised by the Corporate Debt Market Development Fund (CDMDF).

About Guarantee Scheme for Corporate Debt (GSCD)

Management

  • The Trust/Fund managing the scheme is named “Guarantee Fund for Corporate Debt” (GFCD).
  • GFCD is a Trust Fund formed by the Department of Economic Affairs (DEA), Ministry of Finance, Government of India, and will be managed by the National Credit Guarantee Trustee Company Ltd. (NCGTC).

Purpose

  • The scheme aims to provide 100% guarantee cover ....
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