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CGTMSE Loan
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a trust established by the Government of India, under the Ministry of Micro, Small, and Medium Enterprises (MoMSME) and Small Industries Development Bank of India (SIDBI). Launched in 2000, CGTMSE provides credit guarantees to financial institutions offering loans to Micro and Small Enterprises (MSEs). The scheme covers 75%-85% of the loan amount, eliminating the need for external collateral or third-party guarantees. New and existing MSMEs can avail of a credit facility of up to ₹2 crore under this scheme.
Eligibility Criteria for CGTMSE Loan
CGTMSE is available to all lending institutions that offer financial support to the sectors that fall within the scheme. The entities and institutions that can avail of Business Loans under the scheme are as follows:
Eligible borrowers: any existing or new MSEs.
Lending institutions that offer funds under the scheme:
- Scheduled Commercial Banks (SCBs)
- Regional Rural Banks (RRBs)
- Small Finance Banks (SFBs)
- National Small Industries Corporation (NSIC)
- North Eastern Development Finance Corporation Ltd. (NEDFi)
- Non-banking Financial Companies (NBFCs)
- Small Industrial Development Bank of India (SIDBI)
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Documents required to apply for
CGTMSE Loan
While applying for a loan under the CGTMSE scheme, you have to provide the following documents :
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Duly filled CGTMSE loan application form along with the requisite passport-sized photographs.
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Business Incorporation or Company Registration Certificate.
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Business Project Report.
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CGTMSE Loan Coverage Letter.
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Loan approval copy provided by the bank.
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Any other document that is required by the bank.
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