MSME Loan
SHIVAM ENTERPRISES To make available credit to Micro and Small Enterprises for loans up to Rs. 100 lakh without collateral/ third party guarantees CGTMSE has been set up to strengthen credit delivery system and facilitate flow of credit to the MSE sector. The credit Guarantee under CGTMSE seeks to reassure the lender that, in the event of a MSE unit, which availed collateral free credit facilities, fails to discharge its liabilities to the lender; the CGTMSE would make good the loss incurred by the lender. Features Establishment of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the credit Guarantee Fund Scheme for Micro and Small Enterprise.Launched on August, 2000 the corpus of CGTMSE is being contributed by the GOI and SIDBI in the ratio of 4:1 respectively.The corpus of CGTMSE has been enhanced to Rs. 2419.955 crore with the contribution of Rs. 1935.97 crore from the GoI and Rs. 483.985 crore from SIDBI. As on 31.12.2015, cumulatively 21,60,975 credit applications have been provided guarantee coverage amounting Rs. 103864.11 crore since inception.