Guarantees amounting to US$ 49.21 billion (Rs. 4,06,310 crore) have been approved under the Credit Guarantee Scheme for Micro and Small Enterprises till February, 2023

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides credit guarantee to its Member Lending Institutions (MLIs) for the loans extended by them to Micro and Small Enterprises (MSEs) without any collateral security or third-party guarantee.

Under the Credit Guarantee Scheme for Micro and Small Enterprises, 6,904,649 guarantees totalling US$ 49.21 billion (Rs. 4,06,310 crore) have been granted since the programme's inception in 2000 through February 28th, 2023.

As of February 28, 2023, women-owned MSEs made up 14% of the total number of guarantees authorised under CGTMSE and 21% of the total dollar amount. In addition, SC/ST-owned MSEs made up 6% of the total number and 3% of the total amount of guarantees authorised under the Credit Guarantee Scheme for Micro and Small Enterprises.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.