CGTMSEIN

Credit Guarantee Fund Trust for Micro and Small Enterprises

Organized by Ministry of MSME & SIDBI

Encourages banks to lend to MSMEs without asking for collateral security. If the MSME fails to repay the loan, the trust makes good the loss incurred by the lender up to a specified percentage.

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Financial Aid & Loans

CGTMSE · Ministry of MSME & SIDBI

subsidized Funding

Launch Year

2000

Reach

1,000,000+ guarantees approved annually

Funding

subsidized

Status

active

Financial Benefits

Loan: Collateral-free loans up to ₹5 Crore
Subsidy: Govt guarantees 75% to 85% of the loan amount in case of default
Eliminates the need for collateral/third-party guarantees
Higher guarantee coverage for women entrepreneurs and SC/ST (85%)

Data last verified: 2024-03-05