CGTMSE (Credit Guarantee Fund Trust for Micro & Small Enterprises)
Collateral-free bank loan guarantee cover up to ₹10 Crore (increased from ₹5 Cr w.e.f. 1 Apr 2025).
Overview & Objectives
CGTMSE provides institutional credit guarantee to Member Lending Institutions (MLIs) for extending collateral-free term loans and working capital to MSEs. Effective 1 April 2025 (Circular No. 250/2024-25 dated 18 March 2025), the maximum guarantee cover ceiling was raised from ₹5 Crore to ₹10 Crore.
Financial Benefit Structure
Eligibility Criteria
New and existing Micro and Small Enterprises (MSEs). The borrower approaches an MLI (bank/NBFC) which applies to CGTMSE for guarantee coverage.
Required Documents Checklist
- Udyam Registration Certificate
- Detailed Project Report (DPR) with cash-flow projections
- ITR & Audited Balance Sheets for past 3 years (for existing units)
- KYC documents of Promoters
- Bank loan application through CGTMSE-registered MLI
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