Scheme for Credit Guarantee for Micro and Small Enterprises free loans


Ministry

Ministry of micro, small and medium enterprises

Description

Ministry of Micro, Small and Medium Enterprises, GoI and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement Credit Guarantee Fund Scheme for Micro and Small Enterprises. The corpus of CGTMSE is being contributed by GoI and SIDBI.

Sponsored By

Central Government of India

Objective

Eligibility

Both existing and new enterprises are eligible to be covered under the scheme.

Beneficiaries

Benefits

Collateral free loans up to a limit of Rs.50 lakh - for individual MSEs

How To Apply

A Udyami Helpline: Dial 1800-180-6763 [Toll Free Number] for queries relating to this Schemes.

Candidates meeting the eligibility criteria may approach banks/financial institutions, which are eligible under the scheme, or scheduled commercial banks and select Regional Rural Banks.

Status

Active

Sector

Micro, small and Medium enterprises



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