Credit Guarantee Fund Trust for Micro and Small Enterprises

Collateral free credit for MSMEs

CGTMSE are available to small and medium enterprises in both the start-up as well as existent phases in the form of term loan or working capital. The loans are given through Member Lending Institutions (MLIs). All leading banks offer loans under the scheme. The list of MLIs is http://www.cgtmse.in/List_Of_MLIs.aspx

 

Criteria and Guidelines:

•  Loans up to 100 lakhs can be obtained simultaneously from more than one Member Lending Institution (MLIs)
•  Loans can be obtained for working capital requirements, purchase of machines, expansion plans etc
• Retail trade, educational institutions, agriculture, Self Help Groups (SHGs) and training institutions will not be eligible to obtain loan under CGTMSE Scheme
• PAN is required to apply for loan under the scheme
• Project report submit to bank
• If you are a financial institution, directly contact Office of DC-MSME 
•   If you are an MSME, directly contact the respective banks/financial institutions as listed in the scheme guidelines. 

Once the bank loan is sanctioned by the Bank, the bank will apply to CGTMSE organization and obtain CGTMSE scheme cover for the loan sanctioned. Once approved by the CGTMSE organization, the loan will be under the CGTMSE scheme and the borrower will be required to pay the CGTMSE guarantee and CGTMSE service fee

Application Form:

Reference link: http://www.cgtmse.in/files/Guarantee_Form.pdf

While applying need to contact respective bank.