Credit Guarantee Scheme for Micro and Small Enterprises

What it is

Strengthen credit delivery and facilitate institutional credit to micro and small enterprises.

What you get

• Credit guarantee cover for eligible lender facilities

Who it is for

• credit must be extended by an eligible Member Lending Institution
• IT PAN is required before availing the credit facility

Not eligible if

• agriculture
• self_help_group
• joint_liability_group

How to apply

1. 1
   Confirm borrower and facility eligibility

   Check enterprise size, eligible activity, PAN requirement, borrower exclusions and the proposed facility against current CGTMSE guidance.

   Official step
2. 2
   Approach a participating lender

   Submit the credit proposal and supporting documents to an eligible Member Lending Institution. The lender, not CGTMSE, evaluates and sanctions the credit facility.

   Official step
3. 3
   Track guarantee filing with the lender

   After sanction or disbursement, confirm that the eligible lender lodges the guarantee application and retain sanction, facility and guarantee evidence.

   Official step

Keep ready