CGTMSE Scheme for MSMEs

Get Loan at Government Guarantee without Collateral Security

CGTMSE stands for Credit Guarantee Fund Trust For Micro and Small Enterprises. My Mudra CGTMSE Loans are collateral-free loan facilities designed for Micro and Small Enterprises (MSEs).


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Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is jointly set up by the Ministry of Micro, Small & Medium Enterprises (MSME), Government of India and Small Industries Development Bank of India (SIDBI). This initiative has been taken to catalyse the flow of institutional credit to Micro & Small Enterprises (MSEs).

 

In a bid to strengthen the credit delivery system, Credit Guarantee Scheme (CGS) was launched. This facilitates the flow of credit to the MSE sector. The scheme has provided access to finance for unserved, under-served and underprivileged entrepreneurs.

For more than 20 years CGTMSE Loans have been playing an instrumental role in facilitating guarantee cover to collateral and/or third-party guarantee-free credit facilities. These lending facilities are provided by mandated Member Lending Institutions (MLIs) to MSEs.

For better efficiency and improved customer services, CGTMSE has been leveraging technology advancements. At My Mudra, we ensure that your SGTMSE loan is sanctioned without much hassle.

 

 

My Mudra CGTMSE Loans: Fulfilling Entrepreneurial Dreams

 

 

From setting up a business to scaling it up, every entrepreneur needs financial aid to kick off his operations and sustain the challenges of a cut-throat competitive market. Especially SMEs and MSMEs, which contribute to 10% of the country’s GDP, need collateral-free funds to thrive in the business.

 

MY Mudra CGTMSE Loans go a long way in helping small enterprises get rid of the hassles and tussles of everyday business which to much extent depend on their financial stability. The creation of a robust credit relief system for small enterprises ensures better credit flow for them.

 

 

The most striking features of the scheme are:

 

· For the defaulted principal loan amount up to Rs.50 lakh, guarantee repayment of 75% or 85% in some cases

· For loan amounts greater than Rs.50 lakh but under Rs.1 crore, the maximum guarantee is 50%

· 85% repayment guarantee for loans up to Rs.5 lakhs to micro-enterprises

· In case the MSME is promoted by a woman or the location of the unit is in the North East Region (NER), the guarantee amount for repayment is 80% of the loan amount

· Business units to be rehabilitated if the failure is beyond the control of the management to the extent of Rs.1 crore as support to the lender for assistance in resuscitating the enterprise

CGTMSE Loans are also provided to rehabilitate business units. For rehabilitation, it is ascertained that the business unit is in a bad condition due to factors that are beyond the control of the management. The loan for rehabilitation extended by the lender is covered within the credit cap of Rs. 1 crore

 

 

 

Category

 

The maximum amount of credit facility

Up to Rs. 5 lakh

More than Rs. 5 lakh to Rs. 50 lakh

More than Rs.50 lakh to Rs. 2 crores

Micro Enterprises

85 % of the default amount maximum of Rs. 4.25 lakhs.

75 % of the default amount maximum of Rs. 37.50 lakhs.

75% of the default amount maximum Rs.1.5 crores

Women and Units in NER

80%t of the default amount maximum Rs.40 lakhs for credit facility up to Rs.50 lakhs. 

All others

75% of the default amount maximum Rs.40 lakhs for credit facility up to Rs.50 lakhs. 

Business activity

Credit from Rs.10 lakhs to Rs. 1 crore

 

MSE Retail Trade

50% of the default amount maximum of Rs.50 lakhs.

 

 

Why choose My Mudra for CGTMSE Loans?

  • CGTMSE Loans for various requirements - planned or unplanned
  • In-principle CGTMSE Loans Approval in less than 15 Minutes
  • Simple Process with Single Application
  • Real-Time Decision Making
  • Wide range of choices to ensure the lowest interest rate on CGTMSE Loans
  • Advanced digital platform with service-driven architecture
  • Direct disbursement to applicant’s account
  • Widest range of offers from 100+ banks/NBFCs

How to apply for a CGTMSE Loans?

step 01

Check Your Eligibility

step 02

Click On Apply Now

step 03

Fill In Personal And Financial Details

step 04

Submit Application

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