Credit Guarantee Fund Scheme (CGTMSE)
Central Scheme (All India)
Finance
Application Mode: MIXED
Active
Quick AI Summary
Collateral-free credit facility provided by trust to micro and small enterprises through member lending institutions.
Detailed Summary
Credit Guarantee Fund Trust for Micro and Small Enterprises guarantees loans up to Rs. 5 Crores to encourage banking access.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits | - Collateral-free term loans and working capital credit up to Rs. 5 Crores. - Guarantee cover ranges from 75% to 85% of default amounts. |
Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| - New and existing Micro and Small Enterprises (MSEs) engaged in manufacturing or service activities. | |
Application Process Guide
- Apply for enterprise loan at nationalized banks or financial institutions and request CGTMSE coverage.