CGTMSE Cover Limit increased to Rs.2 Crores
Jan10

CGTMSE Cover Limit increased to Rs.2 Crores

On 31st December 2016, Prime Minister announced that coverage under Credit Guarantee Scheme will be increased to Rs.2 crores. Till now, the coverage under CGTMSE is Rs.1 crores under which Micro, Small and Medium Enterprises can get collateral free loans. CGTMSE (Trust) has now issued circular on 9th January 2017 to increase the limit of CGTMSE coverage to Rs.2 crores in terms of PM’s annoucement. [Read: All about CGTMSE Scheme...

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Micro Units – where to cover? CGTMSE or CGFMU
Nov19

Micro Units – where to cover? CGTMSE or CGFMU

Guarantee cover for manufacturing and service Mudra Units is available under CGFMU as well as CGTMSE eligible. So, from where to obtain guarantee cover for such Mudra Units? CGTMSE of CGFMU? Credit Guarantee Trust for Micro & Small Enterprises (CGTMSE) has issued circular (117/2016-17) regarding modifications due to introduction of Credit Guarantee Scheme under PMMY through NCGTC. We have already explained CGTMSE Scheme, in a...

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CGTMSE Scheme Explained in simple terms
Oct12

CGTMSE Scheme Explained in simple terms

CGTMSE Scheme known as Credit Guarantee Fund for Micro and Small Enterprises is a guarantee fund set by Government of India to guarantee the loans provided by banks to small enterprises and medium enterprises. The objective of the fund is to enable small and medium enterprises to avail loans from banks without any collateral security and guarantee. We have explained the CGTMSE scheme below:   Which loans or Borrowers under CGTMSE...

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