Eligibility & Conditions

Existing Micro, small and service Entrepreneurs & Aspiring Entrepreneur all are eligible.

Nature of Scheme

1. The scheme is implemented by the Credit Guarantee Trust for MSE (CGTMSE).

2. Credit guarantee for loans up to Rs. 2.00 crore, without collateral and third party guarantee.

3. Guarantee coverage ranges from 85% (Micro Enterprise up to Rs 5 lakh) to 75% (others).

4. Recently, guarantee coverage made eligible to select NBFCs and Small Finance Banks.

5. 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.

6. 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.