CGTMSE
Credit guarantee up to ₹5 Crore without third-party guarantee
₹5Cr
Coverage
15–25 days
Timeline
95%
Success Rate
Overview
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
Key Benefits
Collateral-free credit up to ₹5 crore
No third-party guarantee required
Coverage up to 85% for micro enterprises
Coverage up to 75% for other eligible borrowers
Encourages banks to lend to MSMEs
Application Process
Step 1
Apply for loan at any Member Lending Institution
Step 2
Bank evaluates the proposal
Step 3
Bank seeks guarantee coverage from CGTMSE
Step 4
Guarantee approval and loan disbursement
Step 5
Annual guarantee fee payment
Required Documents
Quick Overview
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