Guarantees amounting to Rs. 4,06,310 cr approved under Credit Guarantee Scheme for MSMEs
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- Last Updated on 31 March, 2023
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Ministry of Micro, Small & Medium Enterprises Press Release, Dated: 27.03.2023
The Minister of State for Micro, Small and Medium Enterprises, Shri Bhanu Pratap Singh Verma said, that the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) offers credit guarantees to Member Lending Institutions (MLIs) for loans extended to MSEs without collateral or third-party guarantee. Since 2000, 69,04,649 guarantees worth Rs. 4,06,310 crore have been approved till Feb 28, 2023, under the Credit Guarantee Scheme.
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