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Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE Coverage Refresh)
Provides collateral-free credit guarantee cover of up to Rs 5 crore (post-March 2023 enhancement) for credit facilities extended by Member Lending Institutions to eligible micro and small enterprises. Coverage ranges 75-85% of default.
Information, not legal advice. Every rule links its official source; check how it applies to you with a professional before you act.
Definition
Provides collateral-free credit guarantee cover of up to Rs 5 crore (post-March 2023 enhancement) for credit facilities extended by Member Lending Institutions to eligible micro and small enterprises. Coverage ranges 75-85% of default.
- SourceCGTMSE Operational Guidelines (revised 31 March 2023) · Chapter II (Coverage)
cgtmse.in
Benefit
- Type
- credit guarantee
- What you get
- Cover up to Rs 5 cr per borrower; 75-85% guarantee depending on category.
- Administered by
- Ministry of MSME + SIDBI (CGTMSE Trustee)
- Apply
- cgtmse.in
Eligibility conditions
AGF (Annual Guarantee Fee) is in the range 0.37%-1.35% based on slab and category — significantly lower than commercial loan-pricing differentials.
sectors=anystates=anymsme=micro, small
Citations
- SourceCGTMSE Operational Guidelines (revised 31 March 2023) · Chapter II (Coverage)
cgtmse.in