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Over the past 22 years, CGTMSE has been instrumental in providing guarantee cover to collateral and/or third party guarantee free credit facilities extended by eligible Member Lending Institution [MLIs] to MSEs. CGTMSE has created a new landmark by touching the milestone figure of approving guarantees worth `1 lakh crore during FY 2022 - 23.
Keeping this objective in view, Ministry of Micro, Small & Medium Enterprises (MSME), Government of India launched Credit Guarantee Scheme (CGS) so as to strengthen credit delivery system and facilitate flow of credit to the MSE sector.
CGTMSE set up by SIDBI and Ministry of MSME, GoI in 2000, operates the Credit Guarantee Scheme (CGS) for MSEs in respect of credit facilities extended by its Member Lending Institutions, which are not backed / partially backed by collateral security and / or third-party guarantees.
May 27, 2024 · CGTMSE (Credit Guarantee Funds Trust for Micro & Small Enterprises) Scheme eligibility criteria, fee, benefits, coverage details, importance and know how to get loan under CGTMSE.
CGS-I SCHEME (CGTMSE) : Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS-I Scheme) came into force from August 1, 2000 covering eligible credit facilities extended by the Member Lending Institutions (MLIs) to eligible borrowers effective from June 1, 2000.
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Collateral-free loan with guarantee coverage for micro and small businesses. CGTMSE is a Government of India scheme launched in the year 2000 in collaboration with the Small Industries Development Bank of India (SIDBI).
CGTMSE stays committed to conversion of bankable business ideas of millions of youth, enabling growth of fledglings to enterprises, catalysing financial inclusion and fostering economic growth.
Extent of guarantee cover if of 50% for credit ranging from INR 10 lakh to INR 100 Lakh per micro and small enterprise borrower retail trade activity. Extent of guarantee cover is 80% for both MSME owned/operated by women and loans/credits in the North East Region for credits up to INR 50 lakhs.
Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS-I) Other Schemes such as. IME,Meghalaya,Assam,West Bengal, GOA, ORRISA state, and Co-Lending schemes are migrated to new system. https://gmslive.cgtmse.in/.
CGTMSE (Credit Guarantee fund Trust for Micro and Small Enterprises) is setup by Government of India, & SIDBI in Aug’2000 to make collateral free credit facilities available to MSEs(Micro & Small Enterprises).
