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Ceiling for Guarantee coverage raised from Rs.Under the CGTMSE scheme, both new and existing micro and small enterprises, including manufacturing and service enterprises are eligible for a credit facility of up to Rs. 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. 1 croreįee revised from 2% and reduced to as low as 0.37%Ĭredit 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.

More than 100: PSUs, NBFCs, RRBs, Private Banks, SUCBs, Fls, SFBs, and Foreign BanksĪnnual Guarantee Fee for amount up to Rs. 50 lakh is allowedįrom 75% – 85% (50% Coverage for retail activity)Įligible Member Lending Institutions (MLIs)

For Regional Rural Banks (RRBs) and Select Financial Institutions credit facilities up to Rs.

500 lakh can be covered on an outstanding basis

For Micro and Small Enterprises (MSEs)– Credit facility up to Rs.

Educational and Training institutions, Self Help Groups (SHGs), and agriculture-related activities are not eligible.

Manufacturing and Services including Retail trade is allowed.

Let’s further discuss various aspects of the CGTMSE scheme in detail: CGTMSE Scheme – Highlights – 2023 Interest RatesĪs per RBI’s Guidelines is eligible for coverage under CGTMSE CGTMSE scheme offers credit guarantees from 75% to 85% to MSEs across India.

Launched in 2000, the CGTMSE scheme offers credit guarantees to financial institutions that offered credit facilities up to Rs. 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).