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CGTMSE CREDIT GUARANTEES
Assuring credit is spread well, in timeIn a bold move to bolster the economy, the Indian government is injecting an additional ₹2.55 lakh crore in credit specifically aimed at sm...
CGTMSE celebrates approval of 1 crore guarantees for micro and small enterprisesCGTMSE celebrated approving 1 crore loan guarantees. The event honored small businesses and lenders. Chairman Manoj Mittal highlighted the ...
Govt aims to extend additional Rs 5 lakh cr via credit guarantees in 2 years: OfficialThe government plans to increase credit guarantees for micro and small enterprises by Rs 5 lakh crore over the next two years. This follows...
Budget 2024: For micro, small & medium cos, a major funding boostThe upcoming budget may introduce a scheme to address credit gaps for MSMEs, potentially exceeding ₹10,000 crore. Interventions could inclu...
Scheme to give loans upto Rs 20 lakh launched for informal micro enterprisesAs this initiative unfolds, it is expected to empower individual entrepreneurs and create an inclusive, dynamic, and resilient economic eco...
1.02 crore informal micro enterprises onboard Udyam Assist Platform: Government to ParliamentMinister of state for MSMEs Bhanu Pratap Singh Verma in a written reply to the Rajya Sabha also said that the Credit Guarantee Fund Trust f...
MSMEs’ collateral free loan scheme hits Rs 1 lakh cr mark in Apr-Oct FY24India's Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has approved a credit guarantee of Rs 1 lakh crore in the firs...
From struggling to thriving: How Credit Guarantees can bridge the credit gap faced by MSMEsProviding credit guarantees to lending institutions can play an increasingly important role in bridging the credit gap faced by Indian MSME...
Nirmala Sitharaman to review performance of credit and welfare schemes for SCs in public-sector banks todayThe meeting would also review the measures undertaken for the welfare of Scheduled Castes in the banks. The review will focus on the reserv...
MSME Schemes: Using the Credit Guarantee Scheme to fund your businessMSMEs need easy credit facilities to fulfil the financial requirements of their business. The DCE's Credit Guarantee Scheme provides easy, ...
Raghuram Rajan has a word of caution on MSME lendingRajan said achieving credit targets without due diligence can create environment for future NPAs.
MSE credit cover fund not self-sustaining: RBIGuarantee of such funds to step in should the borrower default allows borrowers, many of who would otherwise not be eligible for the loans,...
The how, why & what about Business GuaranteesA Guarantee is a promise to pay another person's debt or fulfill his or her contractual obligation, if that other person fails to perform h...
Give benefit of differential rate to MSE sector: RBI to banksThe Reserve Bank today asked banks to give the benefit of differential rate of interest to micro and small enterprises (MSE) on the basis o...
- Credit Guarantee Fund inks pact with IOB for SME leding
The CGTMSE is a venture between the central government and the Sidbi (Small Industries Development Bank of India).
- SBI waives service fee on SME loans under CGT scheme
State Bank of India has decided to waive guarantees and annual service fees for loans to small and medium businesses guaranteed under the C...
- Collateral no hurdle for some banks in lending to small cos
Bankers say lending without any collateral to first generation entrepreneurs has taken off in the recent months, and the support of a gover...