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 date | 30th August 2000 |
| Launched By | Ministry of Micro,Small & Medium Enterprises |
| Category | Central govt Scheme |
| Official website | https://www.cgtmse.in/ |
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 lakh | 85% of the amount in default subject to a maximum of 4.25 lakh |
| Above 5 lakh upto 50 lakh | 75% of the amount in default subject to a maximum of 37.50 lakh |
| Above 50 lakh upto 200 lakh | 75% 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
| PUBLIC SECTOR BANKS (21 nos.) | PRIVATE SECTOR BANKS (20 nos.) | FOREIGN BANK (5 nos.) | FINANCIAL INSTITUTIONS (9 nos.) | REGIONAL RURAL BANKS * (51 nos.) |
| Allahabad Bank | Catholic Syrian Bank | Bank of Bahrain and Kuwait | Andhra Pradesh State Financial Corporation | Allahabad UP Gramin Bank |
| Andhra Bank | City Union Bank. | Barclays Bank PLC | Delhi Financial Corporation | Andhra Pradesh Grameena Vikas Bank |
| Bank of Baroda | Development Credit Bank Ltd. | DBS Bank | Export Import Bank of India | Andhra Pragathi Grameena Bank |
| Bank of India | HDFC Bank Ltd. | Deutsche Bank | Jammu & Kashmir Development Finance Corporation Ltd | Assam Gramin Vikash Bank |
| Bank of Maharashtra | ICICI Bank Ltd.* | Standard Chartered Bank | Kerala Financial Corporation | Bangiya Gramin Vikash Bank |
| Canara Bank | IDFC Bank Ltd. | National Small Industries Corporation Ltd. | Baroda Gujarat Gramin Bank | |
| Central Bank of India | IndusInd Bank Ltd. | North Eastern Development Finance Corporation Ltd. | Baroda Rajasthan Kshetriya Gramin Bank | |
| Corporation Bank | Karnataka Bank Ltd. | Small Industries Development Bank of India | Baroda Uttar Pradesh Gramin Bank | |
| Dena Bank | Kotak Mahindra Bank Ltd.* | The Tamil Nadu Industrial Investment Corporation Ltd. | Bihar Gramin Bank | |
| IDBI Bank Limited | Lakshmi Vilas Bank | Central Madhya Pradesh Gramin Bank | ||
| Indian Bank | Tamilnad Mercantile Bank Ltd. | Chaitanya Godavari Grameena Bank | ||
| Indian Overseas Bank | The Dhanalakshmi Bank Ltd. | Chhattisgarh Rajya Gramin Bank | ||
| Oriental Bank of Commerce | The Federal Bank Ltd. | Dena Gujarat Gramin Bank | ||
| Punjab & Sind Bank | The Jammu & Kashmir Bank Ltd. | Gramin Bank Of Aryavart | ||
| Punjab National Bank | The Karur Vysya Bank Ltd | Himachal Pradesh Gramin Bank | ||
| State Bank of India* | The Nainital Bank Ltd. | J & K Grameen Bank | ||
| Syndicate Bank | The Ratnakar Bank Ltd. | Jharkhand Gramin Bank | ||
| UCO Bank | The South Indian Bank Ltd. | Karnataka Vikas Grameena Bank | ||
| Union Bank of India | YES Bank Limited | Kashi Gomti Samyut Gramin Bank | ||
| United Bank of India | Kaveri Grameena Bank | |||
| Vijaya Bank | Kerala Gramin Bank | |||
Langpi Dehangi Rural Bank |
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| 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 lines | Click Here |
| Credit Guarantee Scheme Guide lines for NBFCs | Click Here |
| CGTMSE Scheme Press Release | Click Here |
Quick Links
| Lending Institution Register Now | Click Here |
| Official Website | Click Here |
| Central Govt. Scheme | Click Here |