Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is jointly set up by Ministry of Micro, Small & Medium Enterprises (MSME), Government of India and Small Industries Development Bank of India (SIDBI) to catalyse flow of institutional credit to Micro & Small Enterprises (MSEs).
Who are eligible under CGTMSE?
MSME units such as Individuals / Proprietorship, LLP, Partnership, Private Limited Company or registered company are eligible to be covered under the scheme.
What is the maximum limit in CGTMSE?
Also, under ‘Hybrid Security’ product, MLIs is allowed to obtain collateral security for a part of the credit facility, whereas the remaining part of the credit facility, up to a maximum of ₹500 lakh, can be covered under Credit Guarantee Scheme of CGTMSE.
What is the tenure of CGTMSE coverage?
What is the tenure of the cover for credit relating to working capital? The tenure for coverage of working capital facilities is 5 years, where working capital alone is covered under the scheme.
What is CGTMSE charges?
| Slab | Standard Rate (pa)* |
| 0-10 lakh | 0.37 |
| Above 10-50 lakh | 0.55 |
| Above 50-1 crore | 0.60 |
| Above 1-2 crore | 1.20 |
| Above 2-5 crore | 1.35 |