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PC: efytimes.com
PC: efytimes.com

Provision of Collateral Free Credit for Micro and Small Enterprises

Ministry of Micro, Small & Medium Enterprises, Govt of India has a Scheme of Credit Guarantee Fund for MSMEs.

Objective:

Banks and financial institutions are provided funding assistance under this scheme so that they can in turn lend collateral free credit to MSMEs.

Eligibility:

Banks, Financial institutions and MSMEs can apply.

Benefits:

Funding support to banks and financial institutions for lending collateral-free credit to MSMEs.

How to apply:

  • If you are a financial institution, directly contact Office of DC-MSME.
  • If you are an MSME, directly contact the respective banks/financial institutions as listed in the scheme guidelines.
  • Financial institution can apply online also.

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