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2 hours ago · The government should use the budget to plug the critical gaps in the credit ecosystem and resolve issues related to CGTMSE support, delayed payments and onboarding to the TReDS platform and delay in dispute resolution, says Padmanand. The budget should also create a foundation for investments in technology upgradation.
Jun 26, 2024 · Collateral free loans up to Rs. 500 lakhs (from April 1, 2023) with guarantee coverage up to 85% through CGTMSE. Rs. 50,000 crore equity infusion through Self Reliant India Fund, including a Rs. 10,000 crore corpus from the Government of India.
Jun 28, 2024 · Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) The CGTMSE, operational under the Government of India and the Small Industries Development Bank of India (SIDBI), offers credit guarantees to help MSMEs access bank credit without the hassles of crushing collaterals or third-party guarantees. MSMEs can access collateral-free ...
6 days ago · In last year's budget, an infusion of ₹9,000 crore into the Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE) was announced. This is aimed at enabling additional collateral-free guaranteed credit of ₹2 lakh crore and reducing the cost of the credit by about 1%.
Jul 8, 2024 · Fueling MSME Business Growth with the CGTMSE Scheme. While traditional loans offer flexibility and potentially larger loan amounts, the CGTMSE Scheme provides a clear advantage for MSMEs seeking easier access to credit.
Jun 26, 2024 · State Bank of India (SBI) has launched its 'SME Digital Business Loans' initiative, aiming to approve loan requests from MSMEs within just 45 minutes.
Jun 28, 2024 · Union Agriculture Minister Shivraj Singh Chouhan launched the 'AIF Interest Subvention & CGTMSE Fee Claim Portal' and 'Krishi Katha' blog platform to streamline financial assistance and amplify farmers' voices.
