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Reports name /title Funding scheme detail
Report was generated on 19 Jun 2024 (Date based on PCT time)
Report url http://funding.venturecenter.co.in/viewrecord.php?srn=BI20210211102249
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 Trust Fund for Micro & Small Enterprises
OrganizationMinistry Of Micro, Small & Medium Enterprises
Source of fundingGovernment
SchemeCredit Guarantee Trust Fund for Micro & Small Enterprises
Type of fundingOther
Funding Amount10000000
DescriptionCollateral free loan up to a limit of ₹ 100 lakh is available for individual MSE on payment of guarantee fee to bank by the MSE.
Range of fundingRs 50 lakh to Rs 2 crore
Target investeesIndividuals
Note
PurposeMinistry of Micro, Small and Medium Enterprises and Small Industries Development Bank of India (SIDBI) jointly established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in order to implement Credit Guarantee Scheme for Micro and Small Enterprises. The corpus of CGTMSE is contributed by Government of India and SIDBI. 75% of the loan amount to the bank is guaranteed by the Trust Fund.
Focus areaMultiple focus areas
Provides Funds For A, B,
Scheme TypeOngoing scheme
Recommended scheme
Scheme statusLive scheme
More detail..Link