Credit Guarantee Trust Fund for Micro & Small Enterprises (CGT MSE)

Ministry	Ministry of Micro, Small and Medium Enterprises (MSME)
Related Scheme	Credit Guarantee Trust Fund for Micro & Small Enterprises (CGT MSE)
Description	Ministry of Micro, Small and Medium Enterprises and Small Industries Development Bank of India (SIDBI) jointly established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in order to implement Credit Guarantee Scheme for Micro and Small Enterprises. The corpus of CGTMSE is contributed by Government of India and SIDBI. 75% of the loan amount to the bank is guaranteed by the Trust Fund.
Nature of assistance	The credit facilities which are eligible to be covered both for term loans and/or working capital are collateral free. Loan up to a limit of Rs. 200 lakh is available for individual MSE on payment of guarantee fee to bank by the MSE.
Who can apply?	New as well as existing Micro & Small Enterprises. Guarantee coverage ranges from 85% ( For Micro Enterprise up to Rs 5 lakh ) to 75% ( For others). 50% coverage is for Retail Activity
How to apply?	MSE meeting the eligibility criteria may approach eligible Banks / Financial Institutions/ Regional Rural Banks/NBFCs.
Whom to contact	Lending bank branch CEO, CGTMSE, SIDBI, Swavalamban Bhavan, C-11, G- Block, BKC, Bandra (East), Mumbai 400051. Email: ceosecretariat@cgtmse.in Phone No: (022): 67221553, 67221483 Toll Free No: 1800222659/ (022) – 67221553
	Download Scheme guidelines https://www.cgtmse.in/About_us.aspx