Launched in 2000, Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE) is a government initiative by the Ministry of Medium, Small and Micro Enterprises (MSME) in association with the Small Industries Development Bank of India (SIDBI). Its focus is to provide credit guarantee to financial institutions that provide loans to MSMEs. CGTMSE provides a guarantee to lending institutions up to a certain limit for all lending done by them to the MSME sector. This initiative allows banks and other lending institutions to provide funds to first generation entrepreneurs without the need for collateral/security or third party guarantees. .
Rate of Interest at present varies from 9.0% to 12%
All New and Existing MSME are eligible in this scheme.In this type of Loan bank takes into consideration many business aspect.It takes into consideration your future expected return ,DSCR, Debt to Capital Employed ratio etc.
It Requires a lot of Study and expertise to get the Desired MSME loan from Various Financial Institution.We provide the thourough Guidance for the same and Unlike other Financial Agent, we also provide the After Loan Service. We not only assist in getting Loan but also provide host of other services which are given below