CREDIT GURANATEE FUND TRUST SCHEME FOR MICRO & SMALL ENTERPRISES (CGTMSE)

SALIENT FEATURES:

CGTMSE was set up jointly GOI and SIDBI The scheme is extended to all New and Existing units of Micro and Small Enterprises The scheme is available both under Manufacturing Sector and Service Sector Eligible loan limit is up to Rs. 50.00 lakhs No collaterals including the third party guarantee The Maximum guarantee cover on any loan is 75% of the loan amount. The loans to Micro enterprises up to Rs.5.00 lacs and loans to MSE operated by women entrepreneurs are covered up to 80% of the loan One Time upfront guarantee fee and Annual Service fee at specified rate on the credit facility has to be paid to the Trust before 31st of May every year