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  • Gyalsey’s Fifth Birth Anniversary

    On the auspicious and joyous occasion of the 5th Birth Anniversary of His Royal Highness The Gyalsey Jigme Namgyel Wangchuk, the National Credit Gurantee Scheme team joins the nation in humbly offering our prayers and sincere wishes for long life, good health and perpetual happiness of our beloved Gyalsey.

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    Updates

    24 projects worth Nu. 65.69 million is approved under the National Credit Guarantee Scheme. The approval was accorded by the National Credit Guarantee Committee, chaired by the Hon’ble Finance Minister during its 1st Meeting, which was conducted virtually during the lockdown. The Sectoral composition of the projects are: 9 under Agriculture sector, 8 under Production & Manufacturing sector, and 7 under Service sector. The approved projects cover 9 Dzongkhags of which, 9 is in Thimphu, 3 each in Punakha, Paro and Dagana, 2 in Sarpang and 1 each in Bumthang, Samdrupjongkhar, Tsirang and Zhemgang.

     

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    Press Release

    Press Release

    Supporting Ideas into Reality

    Recognizing the private sector as a critical partner for the growth of our economy. The government has always placed much expectations on the private players to step in for public welfare as we advanced together as a nation. Therefore, it is with pleasure that we introduce the National Credit GuaranteeScheme (NCGS), an initiative that will further empower the private sector’s role in reviving the
    country’s economy

    As a countercyclical policy measure during the COVID-19 pandemic situation, the National Credit Guarantee Scheme (NCGS) is launched on October 5th, 2020. The NCGS is an intervention that will ease access to finance, by Government guaranteeing a portion of the loans availed under it.

    Expansion of credit is necessary for investments. However, collateral requirement is a major impediment, in particular, for aspiring entrepreneurs to avail financing. Therefore, the NCGS will alleviate this challenge of aspiring entrepreneurs, especially under the Cottage and Small Industry.
    All loans under the Cottage and Small category will not require collateral and startups under the CSI category will be eligible for 100 percent debt financing under the NCGS.
    Unlike practices across the globe, the medium and large categories will also be eligible for loans under the NCGS. However, under such categories, a portion of guarantee will be shared between the Government and the Bank and the balance will be secured with collateral from the borrower. Therefore, the NCGS has been designed to include all categories of industries, but in a responsive
    and equitable manner.

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