Which insurance companies are providing credit insurance service for SMEs in India ..?
Types of insurance for SME credit guarantees (December 23, 2003 – Tuesday, The Philippine Star) Insurance Requirements The insurance must cover all guarantees that meet all the requirements. Guaranteed loans are required to be extended by such financial institutions as banks, credit associations, credit cooperatives, agricultural cooperatives, fishery cooperatives, government financial institutions, and insurance companies. Except for moneylenders, most of the financial institutions that extend loans to small and medium enterprises (SMEs) are eligible for the insurance. Enterprises in the manufacturing, mining, construction, wholesaling, retailing, service and other sectors are eligible for the insurance. The agriculture, forestry, fishery and finance sectors are ineligible. Enterprises (individuals or corporations) that utilize guarantees for their loans are also required to meet either of the criteria following the definition of SME for each industry. Cooperatives designated in the S
