CGTMSE Loan
Abtik Services has started an association for startups & MSME companies, Egniol 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
Various stakeholders such as start-ups,
agri-entrepreneurs, farmers, Agricultural
Produce Market Committee (APMC),
Farmer Producers Organization (FPO),
and others are eligible to apply for the
Agriculture Infrastructure Fund scheme.
For further information, reach out to Abtik
Services.
Primary Processing (Sorting
Grading, cleaning, Drying Packaging,
Storage) of Agriculture products like
(Cereals & Millets, Fruits and
Vegetables, Spices, cotton, Tea, coffee,
Oilseeds, pulses, Sugarcane, Coconut,
Jute, Nuts, Herbal, Medicinal Plant and
Aromatic Crops.
If any client is involved in the
production of agriculture equipment
(Tractor, Rotavator, Cultivator) then it
is not eligible, but if the client rents the
minimum 5 equipment (Tractor,
Rotavator, Cultivator) to farmers then
it will be eligible.