M C S

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Credit Guaranteed Loan

Credit Guarantee Scheme for Micro & Small Enterprises (CGTMSE)

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Objective

Credit support

Key Benefits

Credit guarantee for loans upto Rs. 2 crore, without collateral and third-party guarantee.Guarantee coverage ranges from 85% (Micro Enterprise up to Rs 5 lakh) to 75% (others).50% coverage is for retail activity.

Applicable For

Existing Entrepreneurs & Aspiring Entrepreneurs

Detailed Information

Any collateral/third party guarantee free credit facility (both fund as well as non-fund based) extended by eligible institutions, to new as well as existing Micro and Small Enterprises, including Service Enterprises, with a maximum credit cap of 200 lakh (Rupees Two Hundred lakh only) are eligible to be covered. Recently, guarantee coverage made eligible to select NBFCs and Small Finance banks.The guarantee cover available under the scheme is to the extent of 50%/ 75% / 80% & 85% of the sanctioned amount of the credit facility. The extent of guarantee cover is 85% for micro enterprises for credit up to 5 lakhs. The extent of guarantee cover is 50% of the sanctioned amount of the credit facility for credit from 10 lakh to 100 lakhs per MSE borrower for retail trade activity.The extent of guarantee cover is 80% for (i) Micro and Small Enterprises operated and/or owned by women; and (ii) all credits/loans in the North East Region (NER) for credit facilities upto 50 lakh. In case of default, Trust settles the claim up to 75% of the amount in default of the credit facility extended by the lending institution for credit facilities upto 200 lakh.

Frequently Asked Question

  • What is MCS?
    MCS is a Fintech platform dedicated to empowering MSMEs by helping them discover and avail government schemes. We provide easy access to regulatory and statutory compliance services and connect MSMEs with professional experts.
  • How can MCS help my business?
    MCS helps your business by providing access to over 800 government schemes, offering expert consultations, and simplifying regulatory processes, ultimately saving time, reducing costs, and accelerating your growth.
  • What is the Partnership Plan?
    The Partnership Plan allows businesses to generate Scheme Reports for their clients, while also gaining access to online consultations through ProSePuccho. This plan provides an additional revenue stream by helping your clients access government schemes.
  • If the expert does not visit, will I get a refund?
    Yes, if the expert does not visit the call for any reason, you will get a refund for the same.
  • Can I modify or cancel an appointment?
    You can modify an appointment an hour before your slot. Incase of cancellation, you would not be getting a refund of the same.
  • How does MCS empower MSMEs with financial solutions?
    MCS is designed to assist Micro, Small, and Medium Enterprises (MSMEs) through a broad range of MSME services and MSME schemes that promote business expansion and resilience. Entrepreneurs can explore options like MSME Loan Scheme, working capital schemes, and term loans to finance growth and innovation. Additionally, MCS helps businesses leverage Credit Linked Capital Subsidy Scheme (CLCSS) and collaborates with the Ministry of Micro, Small and Medium Enterprises (MSME) to ensure financial sustainability and job creation across India.
  • How does MCS bridge the gap with government and institutional support for MSMEs?
    MCS collaborates with institutions like the Small Industries Development Bank of India (SIDBI) and actively works on credit accessibility and funding solutions such as the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE). With the support of state governments, banks, and industry clusters (DICs), we facilitate MSMEs in implementing government initiatives like the Prime Minister’s Employment Generation Programme (PMEGP). Entrepreneurs can apply online for MSME loans or receive assistance to access financial resources like the Fund Trust for Micro Enterprises, enabling them to fully realize their potential.
  • What MSME schemes in India can entrepreneurs access through MCS?
    MCS makes it easy for businesses to access various MSME schemes in India, including funding solutions for small businesses and innovation-driven enterprises. Our platform simplifies scheme integration to help MSMEs tackle interest rate challenges and seamlessly benefit from government-instituted schemes designed for long-term sustainable growth. Whether it's financial support to scale operations or strategic advisory services to drive continuous growth, MCS serves as a consistent partner in the evolution of MSMEs.