What is CGTMSE?
Understand the Problem
The question is asking for information regarding the Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE), specifically its purpose, features, eligibility criteria, and documentation required for applying for a loan under the scheme.
Answer
CGTMSE is a scheme providing credit guarantee for loans to Micro and Small Enterprises in India.
The final answer is CGTMSE is the Credit Guarantee Fund Trust for Micro and Small Enterprises, a scheme set up by the Government of India and SIDBI to provide credit guarantee support to financial institutions lending to Micro and Small Enterprises (MSEs).
Answer for screen readers
The final answer is CGTMSE is the Credit Guarantee Fund Trust for Micro and Small Enterprises, a scheme set up by the Government of India and SIDBI to provide credit guarantee support to financial institutions lending to Micro and Small Enterprises (MSEs).
More Information
CGTMSE was launched in 2000 to provide collateral-free credit to micro and small enterprises. This initiative aims to enhance credit distribution and promote the growth of small businesses in India.
Sources
- About CGTMSE - cgtmse.in
- Things you Should Need to Know About the CGTMSE Scheme - hdfcbank.com
- CGTMSE (Credit Guarantee fund Trust for Micro and Small ... - unionbankofindia.co.in
