🛡️
Loan15–25 days
CGTMSE
Credit guarantee up to ₹5 Crore without third-party guarantee
Loan
Category
₹5Cr
Coverage
15–25 days
Timeline
95%
Success Rate
About This Scheme
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides guarantee coverage to banks and financial institutions for collateral-free loans extended to MSMEs. The scheme covers credit facilities up to ₹5 crore.
Eligibility Criteria
- 1New and existing Micro and Small Enterprises
- 2Manufacturing and service enterprises
- 3Credit facility up to ₹5 crore
- 4Retail trade is not eligible
- 5Educational institutions and training centers are eligible
Key Benefits
Benefit 1
Collateral-free credit up to ₹5 crore
Benefit 2
No third-party guarantee required
Benefit 3
Coverage up to 85% for micro enterprises
Benefit 4
Coverage up to 75% for other eligible borrowers
Benefit 5
Encourages banks to lend to MSMEs
Application Process
1
Step 1
Apply for loan at any Member Lending Institution
2
Step 2
Bank evaluates the proposal
3
Step 3
Bank seeks guarantee coverage from CGTMSE
4
Step 4
Guarantee approval and loan disbursement
5
Step 5
Annual guarantee fee payment
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