Eligibility & Conditions
Existing Micro, small and service Entrepreneurs & Aspiring Entrepreneur all are eligible.
Nature of Scheme
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The scheme is implemented by the Credit Guarantee Trust for MSE (CGTMSE).
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Credit guarantee for loans up to Rs. 2.00 crore, without collateral and third party guarantee.
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Guarantee coverage ranges from 85% (Micro Enterprise up to Rs 5 lakh) to 75% (others).
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Recently, guarantee coverage made eligible to select NBFCs and Small Finance Banks.
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The extent of guarantee cover is 50% of the sanctioned amount of the credit facility for credit from Rs. 10 lakh to Rs. 100 lakhs per MSE borrower for retail trade activity.
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The extent of guarantee cover is 80% for (i) Micro and Small Enterprises operated and/or owned by women; and (ii) all credits/loans in the North East Region (NER) for credit facilities up to Rs. 50 lakh.