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Credit Guarantee Funds 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). The scheme offers credit guarantees to financial institutions that offered credit facilities up to Rs. 5 crores & offers credit guarantees from 75% to 85% to MSEs across India.

Credit Guarantee refers to a situation where the loan to the applicant is backed by a party without the need for any external collateral or third-party guarantee. Here, the loan sanctioned by the member lending institution is backed by the scheme which provides the guarantee cover for a large portion of the loan amount.

✅ Benefits of CGTMSE Scheme

🔹Ceiling for Guarantee coverage raised from Rs. 200 lakh to Rs. 500 lakh

🔹Guarantee fee reduced to diminish the overall cost of borrowings to MSEs

🔹Micro Finance Institutions as Member Lending Institutions (MLIs) are now eligible

🔹Concessions related to fees and increased coverage to SC/STs

🔹Reduced Guarantee fee by 10% and coverage extent increased to 85% to Women, ZED Certified Units and Units in Aspirational Districts

🔹Annual Guarantee Fee structure revised and fee reduced to as low as 0.37%

🔥 MSME Helpline: info@msmehelpline.com
Further details:
https://www.cgtmse.in/

Also it is important to know, that this reel has been created for the purpose of informing the masses about the CGTSME scheme. 

Obtaining a bank loan or a government relief has never been and will never be the way it is explained in the reel. And like every other loan, the applicant is required to meet certain other criteria as well. 

We stand by every information that we have provided in this reel, and for further detailed clarification we have also uploaded the CGTSME circular in our bio. Hope this acts as a reply to all the negativity in the comments.

#finance #simplifyingfinance #loan #banks #smes #msme
#personalfinance #reelshindi #businesshindi #taxes #lakshyanarula #theunconventionalca #financeindia #learningwithlakshya #startups #free #government #governmentinitiative 01/07/2023

Read it till the end Credit Guarantee Funds 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). The scheme offers credit guarantees to financial institutions that offered credit facilities up to Rs. 5 crores & offers credit guarantees from 75% to 85% to MSEs across India. Credit Guarantee refers to a situation where the loan to the applicant is backed by a party without the need for any external collateral or third-party guarantee. Here, the loan sanctioned by the member lending institution is backed by the scheme which provides the guarantee cover for a large portion of the loan amount. ✅ Benefits of CGTMSE Scheme 🔹Ceiling for Guarantee coverage raised from Rs. 200 lakh to Rs. 500 lakh 🔹Guarantee fee reduced to diminish the overall cost of borrowings to MSEs 🔹Micro Finance Institutions as Member Lending Institutions (MLIs) are now eligible 🔹Concessions related to fees and increased coverage to SC/STs 🔹Reduced Guarantee fee by 10% and coverage extent increased to 85% to Women, ZED Certified Units and Units in Aspirational Districts 🔹Annual Guarantee Fee structure revised and fee reduced to as low as 0.37% 🔥 MSME Helpline: [email protected] Further details: https://www.cgtmse.in/ Also it is important to know, that this reel has been created for the purpose of informing the masses about the CGTSME scheme. Obtaining a bank loan or a government relief has never been and will never be the way it is explained in the reel. And like every other loan, the applicant is required to meet certain other criteria as well. We stand by every information that we have provided in this reel, and for further detailed clarification we have also uploaded the CGTSME circular in our bio. Hope this acts as a reply to all the negativity in the comments. #finance #simplifyingfinance #loan #banks #smes #msme #personalfinance #reelshindi #businesshindi #taxes #lakshyanarula #theunconventionalca #financeindia #learningwithlakshya #startups #free #government #governmentinitiative

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