By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: Govt. promotes Credit Guarantee Scheme for MSMEs to empower first-generation entrepreneurs with collateral-free loans – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Govt. promotes Credit Guarantee Scheme for MSMEs to empower first-generation entrepreneurs with collateral-free loans – World News Network
Business

Govt. promotes Credit Guarantee Scheme for MSMEs to empower first-generation entrepreneurs with collateral-free loans – World News Network

worldnewsnetwork
Last updated: July 7, 2025 12:00 am
worldnewsnetwork 3 weeks ago
Share
SHARE

New Delhi [India], July 7 (ANI): The Ministry of Micro, Small & Medium Enterprises (MSME), Government of India, is actively promoting the Credit Guarantee Scheme for Micro & Small Enterprises (CGTMSE) to empower first-generation entrepreneurs and foster self-employment opportunities.

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

According to the Ministry of MSME, this initiative provides vital credit guarantee support to MSMEs for collateral-free loans, enabling Micro and Small Enterprises (MSEs) to access financial assistance without the need for traditional collateral or third-party guarantees.

Under the CGTMSE, eligible businesses can secure loans of up to Rs 10 crore, with the extent of guarantee coverage ranging from 75 per cent to 90 per cent, depending on the profile and risk assessment of the borrower.

This scheme applies to all Micro and Small Enterprises (MSEs).

Applicants can avail of this benefit by approaching Member Lending Institutions, including banks and Non-Banking Financial Companies (NBFCs), that are partnered with the CGTMSE framework.
According to the ministry, there are an estimated 26 million micro and small enterprises (MSEs) in the country providing employment to an estimated 60 million persons.

Under this scheme, both the existing and the new enterprises are eligible for credit-free loans under the scheme.

The scheme was formally launched on August 30, 2000 and is operational with effect from 1st January 2000. The corpus of CGTMSE is being contributed by the Government and SIDBI in the ratio of 4:1, respectively.
As of July 1, 2025, loans of Rs 10,26,145 crore have been approved under the scheme against over 1.2 crore guarantees.

Maximum loan under the scheme is approved for Maharashtra of Rs 1,26,521 crore, Uttar Pradesh at number two at Rs 1,04,856 crore, followed by Gujarat with a loan approval under the scheme at Rs 85,160 crore. (ANI)

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Momentum builds in prediction markets as strategic deals broaden trading scope – World News Network

Affluent Indians need Rs 3.5 crore for comfortable retirement, says HSBC report – World News Network

Vivek Abrol Attends Centenary Tribute to Tyeb Mehta at Jehangir Art Gallery – World News Network

Zolo Label Arrives in Delhi: A Bold Step Toward Becoming India’s Most Loved Ethnicwear Brand – World News Network

Reliance Industries maintains its numero uno position within India Inc in Fortune’s Global 500 list for 2025 – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article MLA Chaitar Vasava’s arrest, clear sign of BJP’s desperation after defeat in Visavadar: Arvind Kejriwal – World News Network
Next Article Tesla drops “coming soon” teaser ahead of its expected India entry this month – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

Rajkummar Rao’s advocate shares details of controversial poster court case during ‘Behen Hogi Teri’ promotions – World News Network
Entertainment 14 hours ago
Rapper Divine returns to Indian hip hop after six-month hiatus with powerful song ‘Aag’ – World News Network
Entertainment 14 hours ago
Sonu Nigam announces India tour ‘Satrangi Re’ on his 52nd birthday, releases song ‘Kahani Meri’ – World News Network
Entertainment 14 hours ago
‘Param Sundari’ first track out: Sidharth Malhotra, Janhvi Kapoor impress fans with their chemistry in ‘Pardesiya’ love song – World News Network
Entertainment 14 hours ago

Sports

India to play CAFA Nations Cup 2025 – World News Network
Sports
Cricket Australia eyes next evolution of Big Bash League to boost future growth and success – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

Ari Aster’s father advised him to stop screenwriting after ‘Beau is Afraid’ underperformed at box office – World News Network
Entertainment
“I would like to…”: Singer Sonu Nigam reveals his birthday wish as he turns 52 – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?