In Budget 2022, the Financial Secretary extended the application of “SME Financing Guarantee Scheme” and lifted the maximum amount of “Special 100% Loan Guarantee“. However, the scheme is limited to business started on or before 31st March, 2020. Businesses started in last two years are not qualified to apply.
The authority announced a good news on 30th March, that the limitation lifted to 31st March, 2022. All businesses registered on or before this new date are qualified to apply for the Special 100% Loan Guarantee.