Credit Guarantee Fund Trust for Micro and Small Enterprises

With so much happenings at several fronts on the globe, right now India stands as a rare bright spot. Many are looking at India to drive the global economic recovery. India is also poised to become an USD 5 Trillion economy and go beyond it soon. This will increase the economic activity multi fold, which will require an enormous amount of investment in domestic font. While the youth in India are ready with their innovations and risk-taking abilities to embark upon an entrepreneurial journey and become job creators, the country will fall short of immovable collateral securities to secure a credit facility. In this context, CGTMSE, is here to ensure adequate and timely credit flow to SME sector. CGTMSE is a financial inclusion initiative that aims to support MSEs by providing credit guarantees to lenders, such as banks and financial institutions. read more