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Abtik Services

CGTMSE Loan

CGTMSE Loan

Abtik Services has started an association for startups & MSME companies, Abtik provides end to end solutions for all types of government benefits for MSMEs.We are a management consulting, training and start-up mentoring firm for the Manufacturing industry, Allied industries and Start-ups companies. We provide legal consultancy and financial advisory for all Government industrial policies.

Overview

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is jointly set up by Ministry of Micro, Small & Medium Enterprises (MSME), Government of India and Small Industries Development Bank of India (SIDBI) to catalyse flow of institutional credit to Micro & Small Enterprises (MSEs). Credit Guarantee Scheme (CGS) was launched to strengthen credit delivery system and to facilitate flow of credit to the MSE sector, create access to finance for unserved, under-served and underprivileged, making availability of finance from conventional lenders to new generation entrepreneurs.

ELIGIBILITY CRITERIA

Manufacturing, Services and Retail Trade activities are eligible. Educational / training institutions, agricultural, SHG are ineligible for coverage Maximum guarantee coverage up to 85% and 200 lakh based on outstanding amount *Extent of Guarantee Cover*
  • 85% – Up to ₹ 5 Lakh-Micro Enterprises
  • 80% – Up to 50 lakh-Women Entrepreneur / units located in
  • 75% – From ₹ 5 lakh to ₹ 200 lakh Others Category-North Eastern Region (Incl Sikkim)
  • 50% – Up to ₹ 100 lakh-MSE Retail Trade

BENEFITS

  • Quick disbursal
  • Competitive interest rates
  • Flexible tenures
  • No Collateral
  • Low Rate  of Interest 

Required Document

  • Aadhar Card
  • Pan card
  • GST Certificate
  • Contact Person
  • Contact number
  • Email id

FAQs

The “Distressed Asset Fund - Subordinated Debt for Stressed MSMEs” is a scheme framed by Ministry of MSME under which credit facility would be provided to the Promoters of the stressed MSMEs to all the member lending Instutution(MLIs) registred under CGS-I of the Credit Gurantee Scheme for Micro and Small Enterprises

Credit Guarantee Scheme for Subordinate Debt (CGSSD) (hereinafter referred to as “Scheme”) being operated by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides guarantee coverage to Member Lending Institutions (MLIs) for the credit facility extended to the to the eligible MSMEs under the above mentioned scheme.

The objective of the scheme is to provide credit facility through lending institutions to the promoters of stressed MSMEs viz. SMA-2 and NPA accounts who are eligible for restructuring as per RBI guidelines on the books of the Lending institutions. The promoter would infuse the credit in the MSME as quasi equity or sub-debt.

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