Credit Guarantee Fund Trust For Micro and Small Enterprises (CGTMSE)
Apply for Loan under CGTMSE
Scheme without collateral
This is a collateral-free credit facility for both existing and new enterprises. Banks offer cash credit facility for businesses with a minimum vintage of 3 years. The facility is offered for a maximum tenor of 5 years and there are renewal charges that the customer is required to pay every year.
For traders the amount is restricted to 1 Crore and for manufacturers as well customers from service sector the amount is restricted to 2 Crores.
Thus for customers not having any property to offer as collateral, this is an extremely attractive option.
You can get Personal Loan if you meet the following criteria
CGTMSE - Criteria | |
Age Limit | 21 to 65 years |
Ownership | Self-owned office or residence |
Category | Trader |
Current Account | Mandatory |
Business Continuity | Minimum 6 months |
Documents | KYC |