The Union finance ministry said on Monday that it had expanded the scope of the partial credit guarantee scheme (PCGS) to provide greater flexibility to state-owned banks in purchasing bonds and commercial papers of non-banking financial companies (NBFCs). The Centre…
CGTMSE-Loans
What is the CGTMSE Scheme? A brainchild of the Ministry of Micro, Small and Medium Enterprises, the CGTMSE Scheme is a unique offering which aims to bridge the gap between a business idea and its execution, offering financial support to…
CGTMSE- Interest Rates
Fees and Interest rate charged under CGTMSE Scheme Being a scheme which is implemented by Member Lending Institutions (MLIs) on behalf of the government, there are certain fees and charges associated with it. One can classify the fees into two…
CGTMSE- Business Loan
Any collateral / third party guarantee free credit facility (both fund as well as non-fund based) extended by eligible institutions, to new as well as existing Micro and Small Enterprise, including Service Enterprises, with a maximum credit cap of 200 lakh (Rupees…
CGTMSE Scheme-Process of Loan Application
Steps to Follow for Loan Application under CGTMSE Scheme First of all, you can’t apply for the loan under CGTMSE Scheme online. You have to contact to the banks nearby you. Broadly, there are four steps for applying for the…
Scope and Extent of the CGTMSE
Scope of the Scheme: Subject to the other provisions of the Scheme, the Trust undertakes, in relation to credit facilities extended to an eligible borrower from time to time by an eligible institution which has entered into the necessary agreement…
Eligibilities of CGTMSE
Let us look at the eligibility criteria for CGTMSE scheme for credit providers and credit borrowers. Lending Institutions: All scheduled commercial banks and specified regional rural banks including NSIC, NEFDi, and SIDBI can be considered as eligible lending institutions. The…