Key takeaway
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) gives lenders a credit guarantee on eligible collateral-free loans to micro and small enterprises. You apply through a bank or eligible NBFC, not directly to CGTMSE.
What is the CGTMSE scheme?
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) gives lenders a credit guarantee on eligible collateral-free loans to micro and small enterprises. You apply through a bank or eligible NBFC, not directly to CGTMSE.
What is Pradhan Mantri Mudra Yojana (PMMY)?
Mudra loans support non-farm income-generating micro and small enterprises through banks, NBFCs and MFIs. Loans are grouped into Shishu, Kishore, Tarun and Tarun Plus categories based on loan size.
What is Stand-Up India?
Stand-Up India supports SC/ST and women entrepreneurs setting up greenfield enterprises in manufacturing, services, trading or allied agricultural activities, through scheduled commercial banks.
How do I apply?
- Register your business on the Udyam portal (free)
- Prepare a business plan or project report
- Approach a bank or NBFC that participates in the scheme
- Submit KYC, business and financial documents
Frequently asked questions
Yes. Eligible micro and small enterprises can get collateral-free loans backed by CGTMSE, and Mudra loans are generally collateral-free. Limits and eligibility are set by each scheme and lender.
Sources & editorial policy
Content is researched from official sources such as the Reserve Bank of India (RBI), credit bureaus and lender websites, and reviewed periodically. Rates and charges change often – always confirm the latest terms with the lender.