Credit Guarantee Scheme-CGTMSE Scheme Eligibility & Registration Form

Credit Guarantee Scheme

Credit Guarantee Scheme was announced and launched on 30th August 2000 by the Ministry of Micro, Small and Medium Enterprises MSME. The objective of Credit Guarantee Scheme is to provide Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).Under the CGTMSE Scheme all the existing and the new enterprises are eligible for Credit Guarantee Fund. CGTMSE will definitely provide the better opportunity of Business to New and existing Enterprises. The Banks / Financial Institutions have been verified by the government of India for Credit Guarantee Scheme.

Brief Summary of CGTMSE

Scheme Name Credit Guarantee Scheme
Launched date30th August 2000
Launched ByMinistry of Micro,Small & Medium Enterprises
CategoryCentral govt Scheme
Official website

Credit Guarantee MSME Scheme

Under the CGTMSE Scheme Government of India gives guarantees to the Micro and Small Enterprises for getting loans up to INR 200 Lakh after getting the Guarantee Cover Letter from CGTMSE there is no need of any collateral/ third party guarantee. One more important thing CGTMSE Scheme does not provide any financial assistance. The financial Assistance is provided by the Banks and Financial Institutions. The Credit Guarantee Scheme provided the guarantee cover in the Ratio on 85%/75%/50%. The Maximum extent or limit of Guarantee Cover is given in the below table.

CGTMSE Scheme Guarantee Cover Ratio

Upto  5 lakh85% of the amount in default subject to a maximum of  4.25 lakh
Above  5 lakh upto  50 lakh75% of the amount in default subject to a maximum of  37.50 lakh
Above  50 lakh upto  200 lakh75% of the amount in default subject to a maximum of  150 lakh

Benefits of Credit Guarantee Scheme

  • Under this Scheme Govt. will provide the guarantee to the new and existing enterprises.
  • The scheme covers Loans Up to INR 200 Lakh
  • There is no need of collateral/ third party guarantee.
  • Secure and trustable government scheme.

CGTMSE Scheme Eligibility  

  • All new and existing enterprises are eligible.
  • Micro and Small Enterprises Up to Rs 200 Lakh
  • you should be an Indian nationality

List of Member Landing Institutions for CGTMSE Scheme

Allahabad BankCatholic Syrian BankBank of Bahrain and KuwaitAndhra Pradesh State Financial CorporationAllahabad UP Gramin Bank
Andhra BankCity Union Bank.Barclays Bank PLCDelhi Financial CorporationAndhra Pradesh Grameena Vikas Bank
Bank of BarodaDevelopment Credit Bank Ltd.DBS BankExport Import Bank of IndiaAndhra Pragathi Grameena Bank
Bank of IndiaHDFC Bank Ltd.Deutsche BankJammu & Kashmir Development Finance Corporation LtdAssam Gramin Vikash Bank
Bank of MaharashtraICICI Bank Ltd.*Standard Chartered BankKerala Financial CorporationBangiya Gramin Vikash Bank
Canara BankIDFC Bank Ltd. National Small Industries Corporation Ltd.Baroda Gujarat Gramin Bank
Central Bank of IndiaIndusInd Bank Ltd. North Eastern Development Finance Corporation Ltd.Baroda Rajasthan Kshetriya Gramin Bank
Corporation BankKarnataka Bank Ltd. Small Industries Development Bank of IndiaBaroda Uttar Pradesh Gramin Bank
Dena BankKotak Mahindra Bank Ltd.* The Tamil Nadu Industrial Investment Corporation Ltd.Bihar Gramin Bank
IDBI Bank LimitedLakshmi Vilas Bank  Central Madhya Pradesh Gramin Bank
Indian BankTamilnad Mercantile Bank Ltd.  Chaitanya Godavari Grameena Bank
Indian Overseas BankThe Dhanalakshmi Bank Ltd.  Chhattisgarh Rajya Gramin Bank
Oriental Bank of CommerceThe Federal Bank Ltd.  Dena Gujarat Gramin Bank
Punjab & Sind BankThe Jammu & Kashmir Bank Ltd.  Gramin Bank Of Aryavart
Punjab National BankThe Karur Vysya Bank Ltd  Himachal Pradesh Gramin Bank
State Bank of India*The Nainital Bank Ltd.  J & K Grameen Bank
Syndicate BankThe Ratnakar Bank Ltd.  Jharkhand Gramin Bank
UCO BankThe South Indian Bank Ltd.  Karnataka Vikas Grameena Bank
Union Bank of IndiaYES Bank Limited  Kashi Gomti Samyut Gramin Bank
United Bank of India   Kaveri Grameena Bank
Vijaya Bank   Kerala Gramin Bank
Langpi Dehangi Rural Bank
    Madhya Bihar Gramin Bank
    Madhyanchal Gramin Bank
    Maharashtra Gramin Bank
    Malwa Gramin Bank
    Meghalaya Rural Bank
    Mizoram Rural Bank
    Narmada Jhabua Gramin Bank
    Odisha Gramya Bank
    Pallavan Grama Bank
    Pandyan Grama Bank
    Pragathi Krishna Gramin Bank
    Prathama Bank
    Puduvai Bharathiyar Grama Bank
    Punjab Gramin Bank
    Purvanchal Bank
    Rajasthan Marudhara Gramin Bank
    Saptagiri Grameena Bank
    Sarva Haryana Gramin Bank
    Sarva U.P. Gramin Bank
    Saurashtra Gramin Bank
    Sutlej Gramin Bank
    Telangana Grameena Bank
    Tripura Gramin Bank
    Utkal Grameen Bank
    Uttar Banga Kshetriya Gramin Bank
    Uttar Bihar Gramin Bank
    Uttarakhand Gramin Bank
    Vananchal Gramin Bank
    Vidharbha Konkan Gramin Bank

Credit Guarantee Scheme Registration Form

The Micro and Small Enterprises who want to get the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) can simply go to the above mentioned bank and check all the required process for CGTMSE Scheme. All the Registration Form for Credit Guarantee Scheme will be available there.

Important Download

Credit Guarantee Scheme Guide linesClick Here
Credit Guarantee Scheme  Guide lines  for NBFCsClick Here
CGTMSE Scheme Press ReleaseClick Here

Quick Links

Lending Institution Register NowClick Here
Official WebsiteClick Here
Central Govt. SchemeClick Here

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