The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme is a transformative initiative aimed at providing collateral-free loans to micro and small enterprises (MSEs) across India. This government-backed scheme allows MSEs to access funding without the need for collateral, promoting financial inclusion and encouraging entrepreneurial growth. With loans available up to INR 2 Crores, CGTMSE supports diverse sectors, enabling businesses to expand operations, invest in new technology, and create job opportunities. By reducing the risk for lending institutions through a guarantee cover on defaulted loans, CGTMSE not only empowers small businesses but also bolsters economic development, fostering a thriving ecosystem for innovation and sustainable growth.
