Government of India approved the Guarantee Scheme for Corporate Debt (GSCD) to provide a guarantee cover for the debt raised by the Corporate Debt Market Development Fund (CDMDF)

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The Government of India (GoI) approved the Guarantee Scheme for Corporate Debt (GSCD) to provide a guarantee cover for the debt raised by the Corporate Debt Market Development Fund (CDMDF) that aims to stabilise the corporate bond market during times of stress. Accordingly, SEBI issued guidelines for the operation and management of the scheme and the fund to act as a backstop facility for the purchase of investment grade corporate debt securities.

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