Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) goals at refining the obtainability of regular and ample credit for Micro and Small Enterprises (MSEs). Inadequate credit resources is the solitary reason that creels the expansion of small enterprises in India. Also, the Indian government is endeavouring to provide sufficient credit resources through these arrangements.
Apply Now
Objectives of CGTMSE
- To provide financial assertion to financial institutions that lend to SMEs and MSMEs.
- To reassure new start-ups to harmonize security-free advances.
- The fund aims to provide term loans and multiple credit also it checks the feasibilities of the projects commenced by these initiatives before providing support.
Eligible Lenders
Commercial banks, chosen Regional Rural Banks, certain State Financial Corporations, NBFCs, are eligible to lend financial assistance. Additional, institutions directed by GOI can benefit the guarantee cover under this.