CGTMSE stands for the Credit Guarantee Fund Trust for Micro and Small Enterprises. The trust guarantees a portion of the loan to the lending bank, which is what allows the bank to lend without taking collateral from you.
This matters most for a good business that simply has no property to pledge. Instead of the loan being declined for want of security, the guarantee stands in its place.
Eligibility depends on your enterprise classification, your activity and the lending bank’s own criteria. A guarantee fee applies and is charged by the lender. We assess whether your unit qualifies before any file is prepared.
What you get
- No collateral and no third-party guarantee required
- Backed by a government credit guarantee to the lender
- Open to new units, not only established ones
- Eligibility checked before the file is prepared
Talk about cgtmse loans
Speak to Rahul Jain directly. Enquiries are answered within the hour.