CGTMSE

CGTMSE considers and supports the first generation entrepreneurs by offering credit without the hassles of collaterals / third party guarantees to realise their dream of setting up a unit of their Micro and Small Enterprise (MSE). Under CGTMSE Manufacturing, Services, and Traders / Retail sectors get the equal support. CGTMSE has introduced a new “Hybrid Security” product allowing guarantee cover for the portion of credit facility not covered by collateral security. In the partial collateral security model, the MLIs will be allowed to obtain collateral security for a part of the credit facility, whereas the remaining part of the credit facility, up to a maximum of Rs.200 lakh, can be covered under the Credit Guarantee Scheme of CGTMSE.

Any collateral / third party guarantee free credit facility (both fund as well as non-fund based) extended by eligible institutions, to new as well as existing Micro and Small Enterprise, including Service Enterprises, with a maximum credit cap of Rs.200lakh (Rupees Two Hundred lakh only) are eligible to be covered. Recently, guarantee coverage made eligible to select NBFCs and Small Finance Banks.

CGTMSE Loans Facility Bank’s : Nationalised Bank’s / Private Bank’s / Co-operative Bank’s

Loan Type : Term Loan/ Overdraft/ Cash Credit/ Bank Guarantee/ Bill Discounting/ Letter of Credit/ Export Limit

Loan Amount : Upto Rs. 2cr.

Mode of Payment : EMI/ Interest

Credit Guarantee Fees : Annually Charged

Collateral Free Loan

Stock and Book Debts Hypothecated

We recommend you check loan-related expenses during the loan process while enquiring about the loan.

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