Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a scheme designed to facilitate collateral-free loans for Micro and Small Enterprises (MSEs). This initiative by the Government of India provides credit guarantees to banks and financial institutions, ensuring easier access to funding for businesses.
Key Features:
- Collateral-free loans up to Rs. 2 crores
- Coverage of up to 85% of the loan amount under CGTMSE
- Competitive interest rates
- Suitable for manufacturing and service sector enterprises
Eligibility Criteria:
- New or existing Micro and Small Enterprises (MSEs)
- Businesses in manufacturing, service, or trading (as per lender policies)
- Good financial track record and viable business model
Documents Required:
- Business registration documents
- PAN and Aadhaar of the proprietor/partners
- Financial statements and bank statements
- Project report and loan proposal
