Funding scheme detail

Homepage > Scheme detail
Reports name /title Funding scheme detail
Report was generated on 18 Apr 2019 (Date based on PCT time)
Report url http://venturecenter.co.in/viewrecord.php?srn=BI20170906113358
Description & notes (A) - Technology Development Funds; (B) - Patent Protection Funds; (C) - Technology In-Licensing Funds; (D) - Technology Scale-up/ Validation / De-risking Funds; (E) - Market Entry Funds; (F) - Expansion Funds;
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
OrganizationMinistry of Micro, Small & Medium Enterprises (MSME) and Small Industries Development Bank of India (SIDBI)
Sub-Department / Committee
Source of fundingGovernment
SchemeCredit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
Type of fundingDebt
Funding Amount10000000
DescriptionThis fund was set up for easier availability of bank credit without the hassles of collateral / third party guarantee
Range of fundingRs 50 lakh to Rs 2 crore
Target investeesNew as well as existing Micro and Small Enterprises.
Note(1) Only Micro and Small Enterprises engaged in manufacturing activities and those in service sector excluding retail trade are eligible to be covered under the Scheme. (2) Credit for retail trade, educational / training institutions and SHGs are not eligible for coverage. (3) The following institutions are part of this scheme: 133 Banks / RRBs / other lending institutions registered as MLIs with CGTMSE (26 PSU Banks, 21 Pvt. Banks, 73 RRBs, 9 Financial Institutionsand 4 Foreign Banks). The entire list can be accessed here: https://www.cgtmse.in/List_Of_MLIs.aspx
PurposeTo encourage and support first generation entrepreneurs to set up their own SME, by making easily available loans without any collateral / third party guarantee.
Focus areaMultiple focus areas
Provides Funds For A, B, C, D,
Scheme TypeOngoing scheme
Recommended scheme
Scheme statusLive scheme
More detail..Link