Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE) is a trust established by the Government of India, Ministry of Medium, Small and Micro Enterprises (MSME) and Small Industries Development Bank of India (SIDBI).
Launched in 2000, CGTMSE offers credit guarantee to financial institutions that provide loans to MSMEs. CGTMSE provides a guarantee to lending institutions up to a certain limit for all lending done by them to the MSME sector.

Benifits You Get

Simple Documentation The documentation and paper work is minimal which keeps you hassle free.

Multiple withdrawals via online TransactionsWithdraw and pay back multiple times within the credit sanctioned/available limit.

Easy re-payment optionsPay interest only on utilized amount. Part-payment facility available without any extra charge.

Eligibility Criteria for Unsecured CGTMSE Business Loan

Let us look at the eligibility criteria for CGTMSE loan scheme for credit providers and credit borrowers.

Lending Borrowers
  • All existing and new Small and Medium Enterprises
Lending Institutions
  • Scheduled Commercial Banks (SCBs)
  • Regional Rural Banks (RRBs)
  • Small Finance Banks (SFBs)
  • Non-banking Financial Companies (NBFCs)
  • Small industrial Development Bank of India (SIDBI)
  • National Small Industries Corporation (NSIC)
  • North Eastern Development Finance Corporation Ltd. (NEDFi)

How To Apply For An Unsecured CGTMSE Business Loan

At SME Paisa, you can apply for Unsecured CGTMSE Business Loan online or offline. Walk into our nearest branch office for a free consultation and guidance regarding an ideal funding option suiting your needs. Or, you may choose to apply online and get an instant approval for funds. Remember to keep a soft-copy of documents required for Business loan ready for upload in case of an online application

Document Required for Unsecured CGTMSE Business Loan

The list of documents required for a Unsecured CGTMSE Business Loan

  • CGTMSE loan application form
  • Passport-sized photographs
  • Business incorporation letter
  • Company registration certificate
  • Business Project Report
  • CGTMSE Loan Coverage Letter
  • Copy of loan approval from bank

Frequently Asked Question

Interest is generated on 30/31st midnight. The customer is communicated his interest amount on the 1st of the month via mail and SMS. Statement of Account is sent along with the mail.

If all your documents are in order the loan should be credited to your account in 24 hours.

Yes, but it comes with a marginal charge. You can read about it

The first instalment amount comprises of PF+ Stamp Duty+ Insurance (if unpaid) and interest which is why the first instalment is higher.
If the customer has already paid the charges (PF + Stamp Duty + Insurance) post disbursement, first instalment will only comprise of interest component.

We offer competitive interest rates for our loan facilities. The interest for each loan is determined based on assessment of your business profile, past track record, financial records, loan amount required and tenure of loan.