How to organize multiple small reusable components with Git?

I am using git to manage some circuit components.
Each component is small and I plan to create a "component" project in
Git to hold all the small components.
Each component may have several released version, such as
Comonent1_V1, Component1_V2, Comonent2_V1, Component2_V2.
And for future reuse, I may use Component1_V1+Component2_V2, or
Component1_V2+Component2_V1 in my local directory.
So, I plan to create several directories, each for one version of one
component. I looks like followings:
Components
     |------Component1
     |                 |------------------Version1(Dir)
     |                 |------------------Version2(Dir)
     |-------Component2
                       |------------------Version1(Dir)
                       |------------------Version2(Dir)

I want to know, is the above a suitable way in Git? Are there some risks for my project and Git? Any suggestions to cover this case in Git?