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|Apply Online| Credit Guarantee Scheme (CGTMSE) 2022: Registration, Login, Objectives, Eligibility & Benefits

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Short Info: [Apply Online] Credit Guarantee Scheme for Micro and Small Enterprises (CGS) 2022 – Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Online Registration, Application Form PDF Download, Eligibility, Beneficiary List, Payment/ Amount Status, Features, Benefits and Check Online Application Status at Official Website cgtmse.in

Short Scheme Details:

Name of SchemeCredit Guarantee Scheme
Application StatusActive
Scheme BenefitCredit facilities up to Rs 200 lakh per eligible borrower
Scheme Published On02/14/2022
Scheme Updated on02/14/2022

Table of Content

Credit Guarantee Scheme 2022 @cgtmse.in

Summary: Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE) is a trust established by the Government of India, under the Ministry of Micro, Small and Medium Enterprise (MoMSME) and Small Industries Development Bank of India (SIDBI). Launched in 2000, CGTMSE offers credit guarantees to financial institutions that offer loans to MSMEs. 

All Applicants who are willing to apply online application then download the official notification and read all eligibility criteria and application process carefully. We will provide short information about “Credit Guarantee Scheme 2022” like Scheme Benefit, Eligibility Criteria, Key Features of Scheme, Application Status, Application process and more.

CGTMSE 2022 – Overview

Name of SchemeCredit Guarantee Scheme (CGS)
Launched byGovernment Of India
BeneficiariesCitizens Of India
Major BenefitCredit facilities up to Rs 200 lakh per eligible borrower
Scheme ObjectiveTo Provide Credit Guarantee Facility
Scheme underState Government
Name of StateAll India
Post CategoryScheme/ Yojana/ Yojna
Official Websitecgtmse.in

Credit Guarantee Scheme List, Status News Update

Latest News Update:

Fund and non-fund based (Letters of Credit, Bank Guarantee etc.) credit facilities up to Rs 200 lakh per eligible borrower are covered under the guarantee scheme provided they are extended on the project viability without collateral security or third party guarantee.

In order to implement this scheme, the Government of India and SIDBI have set up a credit guarantee fund trust for micro and small enterprises.

Credit Guarantee Scheme Online Registration Process

The ministry of micro small and medium enterprises Government of India launched a Credit Guarantee Scheme in order to strengthen the credit delivery system and facilitate the flow of credit to the MSE sector.

Through this scheme, bank credit will be provided without hassles of collateral or third-party guarantees. Credit will be provided to the first-generation entrepreneurs so that they can realise their dream of setting up a unit of their own micro and small enterprises

All Eligible Applicants who want to apply to this scheme then read all instructions carefully and follow the given below steps to apply online application form:

Procedure to Apply Online Credit Guarantee Scheme Application Form 2022

Step 1- Visit the Official Website of Credit Guarantee Scheme i.e. cgtmse.in.

Step 2- On the Homepage, you are required to click on register and You will be redirected to a new page

Step 3- On this page again after click on register

Step 4- The application Form page will be displayed on the screen.

Step 5- Now enter the required details (Mention all the details such as enter your full name, email id, mobile number and captcha code)

Step 6- Now you have to click on get OTP

Step 7- After that, you have to enter OTP into the OTP box

Step 8- Now you have to click on the register

Step 9- After that, you have to login by entering your login credentials

Step 10- Now you have to enter your GST details

Step 11- After that, you have to upload your income tax return

Step 12- Now you have to enter the required details

Step 13- After that, you have to update your bank account details

Step 14- Now you have to click on submit

By following this procedure you can apply under the credit guarantee scheme

Procedure To Do Member Login

Download Financial Report

  • Visit the official website of credit guarantee scheme
  • The home page will be displayed on the screen
  • Now you have to click on the financial information Option.
  • After that, you have to click on financial report
  • A new page will show on the screen
  • On this page, you have to click on the option of your choice
  • Required details will be on your computer screen

Procedure To Calculate Guarantee

  • You will be redirected to a new page
  • On this page, you have to enter your pin code, state, district, City, gender and nature of activity
  • After that you have to click on submit
  • Required details will be on your computer screen

Credit Guarantee Scheme 2022: Online Application Form

Credit Guarantee Scheme 2022: Online Application Form PDF Download – The Credit Guarantee Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India (GoI) to make available collateral-free credit to the micro and small enterprise sector. Both the existing and the new enterprises are eligible to be covered under the scheme.

The Ministry of Micro, Small and Medium Enterprises, GoI and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Scheme for Micro and Small Enterprises. 

Category Wise Credit Guarantee

CategoryMaximum extent of Guarantee where credit facility is
 Upto 5 lakhAbove 5 lakh upto 50 lakhAbove 50 lakh upto 200 lakh
Micro Enterprises85% of the amount in default subject to a maximum of  4.25 lakh75% of the amount in default subject to a maximum of  37.50 lakh75% of the amount in default subject to a maximum of  150 lakh
Women entrepreneurs/ Units located in North East Region (incl. Sikkim) (other than credit facility upto  5 lakh to micro enterprises)80% of the amount in default subject to a maximum of  40 lakh80% of the amount in default subject to a maximum of  40 lakh75% of the amount in default subject to a maximum of  150 lakh
All other category of borrowers75% of the amount in default subject to a maximum of  37.50 lakhThe 75% of the amount in default subject to a maximum of  37.50 lakh75% of the amount in default subject to a maximum of  150 lakh
ActivityFrom 10 lakh upto 100 lakh
MSE Retail Trade50% of the amount in default subject to a maximum of  50 lakh

Types Of Credit Guarantee Scheme

  • Credit guarantee scheme for banks- In order to fund the micro and small enterprises the Government of India has framed this scheme. Through this
  • scheme guarantees are provided in respect of credit facility by the lending institution to the borrowers in the micro and small enterprises
  • Credit guarantee scheme for NBFC- Through this scheme credit facilities are extended by the eligible NBFCS to the borrowers in the micro and small enterprises
  • Sub debt scheme- Through this scheme guarantee coverage is provided to the scheduled commercial bank in order to provide personal loan through the banks to the the promoters of the stressed MSME in order to infuse equity or sub debt or quasi equity etc
  • PM svanidhi- This scheme has been launched by the government of India in order to support urban Street vendors. Credit guarantee coverage is provided to the member lending institution in order to enable them to extend credit facilities to the street vendors in order to meet their working capital requirement

Beneficiaries Of Credit Guarantee Scheme

  • Manufacturing business
  • Services related business
  • Retail trade

Ineligibility Of Credit Guarantee Scheme

  • Educational/training institution
  • Self help groups
  • Agriculture

Operational Highlights Of Credit Guarantee Scheme

Guarantee approved during financial year 2020₹45,851 crore
Growth and coverage in terms of amount52%
Significant growth of new products-retail and hybrid₹16103 crore
Guarantees improved during financial year 2020 for 23 new registered NBFC₹17,349 crore

Extent Of Guarantee Cover Of Credit Guarantee Scheme

  • Up to Rs 5 lakh micro-enterprises- 85%
  • Up to 50 lakh women entrepreneurs/units located in North eastern region including Sikkim- 80%
  • From 5 lakh to 200 lakh for other categories- 75%
  • Up to Rs 100 lakh MSE retail trade- 50%

Steps In Getting Coverage

  • Applicant registration
  • GST details
  • ITR upload
  • Data fill up
  • Select bank for processing
  • Provisional guarantee certificate

Member Lending Institute Under Credit Guarantee Scheme

  • 12 public sector bank
  • 22 private sector banks
  • 51 RRB
  • 5 foreign banks
  • 9 Financial institutions
  • 28 NBFC
  • 6 SFB
  • 8 SUCB

Required Document for Credit Guarantee Scheme

Important Document to Apply Online:

  • Aadhar Card
  • Ration card
  • Income certificate
  • Passport size photograph
  • GST details
  • Income tax return
  • Bank account details
  • Mobile number
  • Email ID etc

Credit Guarantee Scheme Eligibility Criteria

Beneficiary Eligibility Guidelines:

  • Applicant must be permanent resident of India
  • The applicant must be first generation entrepreneur
  • New as well as existing Micro & Small Enterprises. Guarantee coverage ranges from 85% (Micro Enterprise up to Rs 5 lakh ) to 75% (others). 50% coverage is for Retail Activity

Objectives of Credit Guarantee Scheme 2022

The main objective is that the lender should give importance to project viability and secure the credit facility purely on the primary security of the assets financed. The other objective is that the lender availing guarantee facility should endeavor to give composite credit to the borrowers so that the borrowers obtain both term loan and working capital facilities from a single agency. The benefit of this scheme is generally provided to first-generation entrepreneurs. If the entrepreneur fails to pay back the loan within the stipulated time then through this scheme the lender will be paid by the credit guarantee trust up to 50%, 75%, 80%, or 85% of the loss incurred by the lender.

Scheme Benefits

  • This scheme has introduced a new hybrid product allowing guarantee cover that is not covered by collateral securities.
  • The MLIs will be allowed to obtain collateral security for the part of the credit facility
  • The remaining part of the credit facility will be covered under the scheme up to a maximum of 200 lakh.

Key Features of Scheme

  • The ministry of micro small and medium enterprises Government of India launched a Credit Guarantee Scheme in order to strengthen the credit delivery system and facilitate flow of credit to the MSE sector.
  • Through this scheme bank credit will be provided without hassles of collateral or third party guarantees.
  • Credit will be provided to the first generation entrepreneurs so that they can realise their dream of setting up a unit of their own micro and small enterprises.
  • In order to implement this scheme the Government of India and SIDBI have set up a credit guarantee fund trust for micro and small enterprises.
  • If the entrepreneur is unable to pay the loan then through this scheme the lender will be paid up to a certain amount of the losses incurred by him or her.

Helpline Number & Contact Address

The Head / Registered Office –
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
1st Floor, SIDBI, Swavalamban Bhavan,
C-11, G-Block, BKC, Bandra (East), Mumbai – 400 051
Contact Nos.:- (022): 6722 1553, 6722 1438, 6722 1483
For General Queries please contact:
Toll Free No. : 1800222659/ (022) – 6722 1553
during Office hours: 10.00 AM to 18:00 PM

Important Dates

EventDates
Launched Year2000
Last Date to Apply Online
EventLinks
Apply OnlineRegistrationLogin
Credit Guarantee Scheme Official PortalOfficial Website

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