Credit Guarantee Scheme 2022: Online Registration, CGTMSE Login & Features

Credit Guarantee Scheme 2022: The government of India has launched a new scheme called the Credit Guarantee Scheme. This scheme is for all entrepreneurs so that they can take their business to a higher level and for the one who wants to start their business. This Credit Guarantee Scheme will provide financial assistance to all entrepreneurs, from this scheme they can do any kind of startup business they want to.

This will become very easy for them and they do not have to worry about financial assistance, as the government will be sponsoring your startups. All the related information about the Credit Card Scheme will be given here on this page, so go through the full article to know more about it.

Credit Guarantee Scheme
Credit Guarantee Scheme

Credit Guarantee Scheme 2022

The government of India always comes up with new schemes for all the citizens of India to build up their confidence. This time also the government has launched such a scheme which will not only help the citizens but will also give them hope of taking forward their business.

The scheme that the government has launched is the credit guarantee scheme for all the citizens who are willing to start up their businesses. But are failing to do so because they do not have enough money to start their new business, there are many hurdles in the way of entrepreneurs. And looking after this situation the government thought about this scheme, to help all the entrepreneurs.

Credit Guarantee Scheme 2022: Overview Table

Article CategoryScheme
Article typeCredit Guarantee Scheme 2022
Name of the schemeCredit Guarantee Scheme
Scheme launched byGovernment of India
ObjectiveTo provide financial assistance to all the entrepreneurs of India
BeneficiaryAll the entrepreneurs in India
CountryIndia
Year2022
Official websitewww.cgtmse.in

Karnataka Ganga Kalyana Scheme 2022

CGTMSE Objective

The purpose of launching this scheme was to sponsor all the entrepreneurs, with their startups or any business that is not working well in the field. Many startup companies have the issue that from where will they get the money to start the new business. Some entrepreneurs have great ideas for their businesses but are unable to achieve their goals due to financial conditions.

As they want a big budget for the same, so for this kind of business, the government is giving their full support to all of them. This will improve the economy of the country, and there will be a high rate of employment in India.

All the entrepreneurs have to pay back, the loan in the given period and if anyone fails to do so then the lender will be paid through the Credit guarantee trust which will be 70%, 75%, 80% and 85%. The lenders will make sure that the scheme is helping all the entrepreneurs and all the entrepreneurs also have to work very hard with their businesses or new startups so that they could pay back their loans.

CGTMSE Credit Guarantee

CategoryMax. the extent of guarantee where the credit facility is
Micro enterprisesUp to 5 Lakh - 85% amount in default subject to a maximum of 4.25 lakh.
Above 5 lakh up 50 lakh- 75% amount in default subject to a maximum of 37.50 lakh.
Above 50 lakh up to 200 lakh- 75% amount in default subject to a maximum of 150 lakh.
Women entrepreneurs/units located in the north region (including Sikkim) (Other than credit facility up to 5 lakh to micro-enterprise.Up to 5 lakh and above 5 lakh up to 50 lakh - 80% amount in default subject to a maximum of 40 lakh.
Above 50 lakh up to 200 lakh- 75% amount in default subject to a maximum of 150 lakh.
All other categories of borrowerUp to 5 lakh and above 5 lakh up to 50 lakh - 75% amount in default subject to a maximum of 37.50 lakh.
Above 50 lakh up to 200 lakh- 75% amount in default subject to a maximum of 150 lakh.
ActivityFrom 10 lakh up to 100 lakh
MSE retail trade50% amount in default subject to a maximum of 50 lakh.

CGTMSE Types of Credit Guaranteed Scheme

Some different types of credit card schemes will help entrepreneurs with their loans, there is a way that if an entrepreneur fails to pay the bill then there is another way to pay the lenders. How they can pay back the loan to the leader. Here we have mentioned some Credit guaranteed schemes.

  • Credit guarantee schemes for banks (CGS- I)- The board of trustees of credit-guaranteed funds trust for micro and small enterprises. They have designed the scheme to provide credit facilities to all the entrepreneurs in micro and small enterprises.
  • Credit guarantee schemes for NBFC ( CGS- II)- The scheme is made to extend the credit facilities by the NBFC, to all the borrowers of micro and small enterprises.
  • Sub Debit Scheme- This scheme provides a guarantee coverage to all the scheduled commercial banks for providing loans to all the borrowers through banks. 90% coverage guarantee is for CGTMSE and 10% from the concerned promoters/ borrowers
  • PM Svanidhi- This scheme is launched for all the urban street vendors, who hardly earn money for themselves. So looking after the situation the credit guaranteed scheme will be made available to all of them. By doing this the vendors will have their source of income.

Procedure To Apply For Different Types of Credit Guaranteed Schemes

All the borrowers who want to take the advantage of the credit-guaranteed scheme can apply for the same on the official website. And other than this scheme many schemes work under the credit-guaranteed scheme and will help you by borrowing money for your micro and small enterprises. here we have mentioned the procedure to apply for the same.

  • Visit the official website of the Credit Guarantee Fund Trust for micro and small enterprises i.e. www.cgtmse.in.
  • Post visiting the site, then you have to click on the Credit Guarantee scheme option, which will be available at the top of the main page.
  • After that, a drop-down list will appear before you, there you will see four options- Credit guarantee schemes for banks, Credit guarantee schemes for NBFC, Sub Debit Scheme, and PM Svanidhi.
  • You can select any of the Credit Guaranteed schemes which you want to get registered for, and then you will be taken to a new page.
  • There you have to fill out the required credentials like user id and password etc.
  • After you have filled in the details then click on the I Agree to the terms and conditions mentioned in the CGTSME scheme and its circulars option.
  • Then click on the submit button, once you submit your information then you will have to fill out the other details on the next page.
  • By doing this you will successfully get your self-register for different schemes.

Benefits And Features Of Credit Guaranteed Scheme

There are many benefits of this scheme, but till now everyone comes to know how beneficial this scheme is for all micro and small enterprises. The government will be providing financial assistance to all entrepreneurs, and they will be working hard in their businesses. This scheme is to help the citizens of the country and will also the rate of employment. Below we have mentioned some benefits of the scheme.

  • The government of India has launched the Credit Guaranteed scheme.
  • Now all the entrepreneurs do not have to worry about the money for their businesses, as the government will be providing the funds to all of them.
  • The procedure for the same is online, you do not have to visit anywhere to get yourself registered for the scheme
  • This will save a lot of time and money for the citizens.
  • There will be no role of the third party in lending you the money.
  • To apply for this scheme, the government of India and SDIBI has come up with the credit guaranteed funds trust for micro and small enterprises.
  • The MLIs will obtain the collateral security for the part of credit facilities.
  • If any borrower fails to pay back the loan to the lenders then they will have to pay a certain amount of the losses to the lender made by him/ her.
  • The amount of 200 lakhs will be covered under the credit guaranteed scheme.

How To Apply For Credit Guarantee Scheme?

All eligible citizens who are willing to start their own business then you can apply for the credit guarantee scheme. This scheme will get you benefitted with financial support, for your new startup or existing business. Here we have mentioned the steps to get yourself registered for the same.

  1. Go to the official website of Credit Guarantee Fund Trust for micro and small enterprises i.e. www.cgtmse.in.
  2. After you have landed on the site then you have to scroll down the page and there you have to tap on the New Member Registration option.
  3. A new page will open before you read all the instructions given on the page, and then at the bottom of the page, you have to click on the useful link option.
  4. After that a new site will open, there you have to click on the Register option, which is available on the top right side of the main page.
  5. Once you have clicked on the option then you will be redirected to a new page, there you have to enter the required details like- full name, e-mail id, and mobile number, and after that enter the captcha code and click on the get OTP option.
  6. Then you are supposed to enter the OTP in the given box, then click on the register option.
  7. After that, you have to enter the e-mail id on the next page and then click on the login option.
  8. Now enter your GST details and then upload your income tax return and some documents.
  9. After that, you have to enter all your bank details on the page.
  10. After you have successfully filled out the details then click on the submit option.
  11. By following the full procedure you will be able to apply for the credit guaranteed scheme.

Credit Guarantee Scheme Required Documents

There are some important documents that the applicants have to upload while registering themselves for the credit guarantee scheme. The registration will not proceed further without the documents. check out the below list of documents.

  • Applicants aadhar card
  • Income certificate
  • Ration card
  • GST details
  • Income tax return
  • Bank account details
  • Registered mobile number
  • E-mail id
  • A recent clicked passport-size photo
  • Bank account details

Procedure To Calculate Guarantee

All the citizens who have registered for the credit guarantee scheme will be able to check the guarantee calculator. Follow the below procedure to calculate the guarantee.

  • Go to the official website of Credit Guarantee Fund Trust for micro and small enterprises i.e. www.cgtmse.in.
  • After you have visited the official site then click on the Guarantee calculator option, which is on the top right side of the home page.
  • Then you will be redirected to a new page, now start filling out the details- pin code, state, district, city and then select gender.
  • After that click on the Nature of activity for a loan is required, then click on the submit option.
  • The full details will appear before you on your screen.

Credit Guarantee Scheme 2022: Important Links

CGTMSE Official WebsiteClick Here
Credit Guarantee Scheme 2022 Registration linkClick Here

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