In FY24, the scheme had approved Rs 2 lakh crore guarantees. (Image: pixabay) Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), which operates the credit guarantee scheme of ...

According to Ghosh, nearly around 10 per cent of SME credit under CGTMSE is collateral free while the rest is collateral-backed. Importantly, CGTMSE through a circular on November 30, 2022, had ...

Banks are reluctant to lend under the Credit Guarantee Trust for MSMEs (CGTMSE) scheme, said an industry expert requesting anonymity. Under CGTMSE, collateral free loans up to Rs 2 crore are given by ...

There is an urgent need to revamp the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) so that it metamorphoses into an umbrella organisation ensuring a robust ecosystem for growth ...

(MENAFN- KNN India) Panaji, Jan 15 (KNN) The Goa government has officially launched the Goa Credit Guarantee Scheme (GCGS), also known as Mukhyamantri Saral Udyog Sahayya Yojana (MSUSY), aligning with ...

New Delhi, Apr 27 (KNN) In a bid to facilitate information among the Micro, Small and Medium Enterprises (MSMEs) with regard to the new policy changes in the Credit Guarantee Fund Trust for Micro and ...

Lack of access to timely and adequate credit at reasonable interest rates is the biggest challenge faced by small businesses in India. According to Dun & Bradstreet Research, for every 100 companies ...

The Union Budget of 2022 gave the pandemic-hit micro, small, and medium enterprises (MSMEs) the much-needed breather. The government's decision to revamp the Credit Guarantee Fund Trust for Micro and ...