On Tuesday, the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) announced that it had approved one crore guarantees to MSE beneficiaries, marking a significant milestone. The federal government and Sidbi established CGTMSE in August 2000 to give micro and small businesses access to financing without the requirement for collateral or third-party guarantees. The government aims to ramp up credit guarantees extended to MSMEs through the CGTMSE scheme.
On Tuesday, the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) announced that it had approved one crore guarantees to MSE beneficiaries, marking a significant milestone. The federal government and Sidbi established CGTMSE in August 2000 to give micro and small businesses access to financing without the requirement for collateral or third-party guarantees. The government aims to ramp up credit guarantees extended to MSMEs through the CGTMSE scheme.