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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