This comprises of 2,493 branches, 69,374 business correspondents and 2,332 other modes like rural ATMs, mobile vans etc. The expanded banking coverage is envisaged to provide greater access to MSMEs operating in hitherto unbanked areas to avail of financial services. Further, based on the recommendations of the Working Group (Chairman: Shri V.K.
Sharma, Executive Director, RBI) constituted by the Reserve Bank of India to review the Credit Guarantee Scheme (CGS) of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), the limit for collateral free loans to the MSEs has been increased from the level of Rs. 5 lakh to Rs.10 lakh and has been made mandatory for banks.