Credit Guarantee Fund for Micro Units (CGFMU) was notified by Govt. on 18th April 2016 and has been made effective retrospectively for loans sanctioned with effect from 8th April 2015.
CGFMU or in simple terms Guarantee Fund for Mudra Loans is managed by NCGTC (National Credit Guarantee Trustee Company Limited). The eligibility criteria for Mudra Loans to be covered under CGFMU is given as under:
To know about CGTMSE Scheme you may refer this article
You may like: Assessment of Term Loan
Eligibility Criteria for Mudra Loans to be covered under NCGTC or CGFMU:
You may like: Mandatory filing of charge with CERSAI for movable assets too.
Credit Guarantee Fund for Micro Units for loans already sanctioned (before 1st April 2016) -retrospective portfolio:
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