Loan under CGTMSE
Being a developing country, India has quite a number of micro and small enterprises. Considering this particular scenario of the Indian economy, the Government of India has introduced CGTMSE Scheme. There are several perks to this scheme as well. It has benefitted most of these enterprises in building their business and renewing them.
There is much more to the CGTMSE scheme. The population of youth in India is pretty high. It has even encouraged aspiring entrepreneurs to give a push to their ideas and establish a firm. So, in India, there are mainly manufacturing companies that fall under the SMEs. Thus, it is a sector where the CGTMSE scheme has majorly demonstrated its good work.
Apply for Unsecured Business Loan up to 2 Crores under CGTMSE at ease.
The Government of India introduced the CGTMSE scheme in the year 2000. It stands for Credit Guarantee Fund Trust for Micro and Small Enterprises. The scheme aims at aiding Indian firms that are in their initial phases or fall under the MSE. The scheme focuses on providing credit guarantees to financial institutions providing loans to MSMEs. The applicant owning an MSE get a CGTMSE loan under this scheme. So, it does not require the applicant’s business person to possess collateral. Although, there are certain eligibility criteria that the candidate needs to match.
Advantages of the loan under CGTMSE
- The scheme also aims at strengthening the credit lending facility overall.
- CGTMSE scheme introduces a ‘Hybrid Security’ product. It allows the borrower to get a guarantee on that portion of the credit facility not covered by the collateral security.
- Under this scheme, the government helps to extend the credit facility up to Rs. 2 crores.
- Guarantee cover will exist until the total tenure of the loan credit.
- The scheme aims to acquire term loans & working capital utilities from the same organization.
What are the Features and Objectives of CGTMSE scheme?
What is the eligibility criteria?
How to apply for a Loan under CGTMSE?
The requirement of documents varies from lender to lender. Also from case to case. However, in all scenarios, there are a standard set of documents. Those are as follows.
Private / Public Limited Company/One Person Company:
CGTMSE Loan at Financiio Venture
Financiio Venture is a trustworthy financial institution that provides hassle-free unsecured funding up to 2 crores under CGTMSE. We assist the borrower to know in detail about the scheme. Also, help in making the most suitable choice. Thus, we respect the relationship even after the loan. We ensure the satisfaction of the borrower with the loan and the services.
Financial instruments we arrange
Trade Finance Services
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