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Government of India
Ministry of Micro,Small & Medium Enterprises
10-March-2016 14:58 IST
Credit Guarantee Fund Trust for Micro and Small Enterprises

 

The Ministry of Micro, Small and Medium Enterprises, and Small Industries Development Bank of India (SIDBI), together have established a Trust named Credit Guarantee Fund Trust for Small Industries, now known as Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), for implementing the Credit Guarantee Scheme for Micro & Small Enterprises (CGS). Since its inception, CGTMSE has facilitated easy access to credit from organized banking sector to first generation entrepreneurs in the Micro and Small Enterprises (MSE) sector. CGTMSE, in turn, provides guarantee to its registered Member Lending Institutions (MLIs) against the loans / credit facilities upto Rs. 100 lakh extended by them without taking any collateral security and / or third party guarantee.

 

As on February 29, 2016, 22,59,044 guarantees for an amount of Rs.1,06,927.55 crore have been approved by CGTMSE since inception. The State-wise guarantees approved (no. of beneficiaries and amount of credit / loan covered) under Credit Guarantee Scheme upto the current year (as on February 29, 2016) are given is: 

 

 

Credit Guarantee Fund Trust for Micro and Small Enterprises Clear

State Wise Report  Guarantee Approved as on February 29, 2016 (Cumulative)

ClearClearS.NO.

 State Name

Proposals

Approved Amount (in Rs. Lakh)

1

ANDAMAN & NICOBAR

1777

8948.47

2

ANDHRA PRADESH

73063

202216.13

3

ARUNACHAL PRADESH

5913

27408.98

4

ASSAM

80336

268238.58

5

BIHAR

116181

489791.86

6

CHANDIGARH

4914

31513.35

7

CHHATTISGARH

29790

164013.06

8

DADRA & NAGAR HAVELI

414

10019.43

9

DAMAN & DIU

356

8727.28

10

DELHI

25382

273903.01

11

GOA

14471

89470.95

12

GUJARAT

90242

756727.83

13

HARYANA

28753

212528.98

14

HIMACHAL PRADESH

41213

225699.55

15

JAMMU & KASHMIR

58215

123251.61

16

JHARKHAND

90305

529176.29

17

KARNATAKA

196363

992785.5

18

KERALA

211422

511848.52

19

LAKSHA DEEP

280

753.94

20

MADHYA PRADESH

77759

405407.71

21

MAHARASHTRA

163898

1201330.98

22

MANIPUR

5325

16444.6

23

MEGHALAYA

6816

30798.34

24

MIZORAM

3338

12521.91

25

NAGALAND

5143

17269.8

26

ORISSA

107716

444980.16

27

PONDICHERRY

3586

13207.25

28

PUNJAB

48048

278427.03

29

RAJASTHAN

73070

357619.12

30

SIKKIM

1765

7213.6

31

TAMILNADU

222353

875958.21

32

TELANGANA

41407

230732.43

33

TRIPURA

9261

31549.33

34

UTTAR PRADESH

252263

1054959.73

35

UTTARAKHAND

29193

147883.45

ClearClearClearClear36

WEST BENGAL

138713

639428.39

Total

2259044

10692755.36

NB: Actuals may vary due to intervening cancellations/modifications

The other credit guarantee schemes and programmes available with banks wherein micro and small units are also among the beneficiaries include Credit Guarantee Fund for the MUDRA Scheme in the Department of Financial Services, Ministry of Finance and Credit Enhancement Guarantee Scheme for Scheduled Castes operated by Ministry of Social Justice and Empowerment.

 

This information was given by the Minister of State, Micro, Small and Medium Enterprises, Shri Giriraj Singh in a written reply to a question in Rajya Sabha here today.

 

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AKP/ASB