23K views · 107 reactions | Credit Guarantee Funds Trust for Micro...

CGTMSE (Credit Guarantee fund Trust for Micro and Small Enterprises) is setup by GoI, & SIDBI in Aug’2000 to make collateral free credit facilities available to MSEs(Micro & Small Enterprises).As per RBI guidelines, MSE advances guaranteed by CGTMSE will attract zero risk weight for the guaranteed portion and no provision is to be made for the guaranteed portion in case the advances covered under CGTMSE, becomes NPA.Eligibility:Under CGTMSE, guarantee cover is provided by the trust for the credi

Launched in 2000, the CGTMSE scheme is a loan subsidy scheme that offers credit guarantee to over 100 Banks to offer funds and collateral-free business loans to micro and small enterprises. In April 2023, the credit facility ceiling was increased to ₹5 crore to enable more businesses to avail the benefits of the Credit Guarantee loan scheme. Under this scheme, when a Bank lends funds to a borrower, it is backed by the scheme and provides coverage for up to 75-85% of the loan amount. This reduces

It has become very easy to apply for MSME Loans. Just visit this website, enter a few details and get seamless In-principle loan approval within minutes. Apply now: https://bit.ly/2PS6Ckq #SBI #StateBankOfIndia #MSMELoan #Loan #MSME #Finance #Fund | State Bank of India