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Government Policies for MSME Units
Government Policies for
Credit Guarantee Fund Trust for Small Industries (CGTSI)
If you have real dream, real hope and have a fine project plan for
your dream industry/business, but don't have financially sound
background and looking for finance/fund/loan to increase your business
or to expand your business or to modernize your present business and
having problem to arrange collateral security or third party guarantee,
Central Government's Policy for Credit Guarantee Fund trust for small
Industries (CGTSI) can help you in such area.
This scheme was established and running successfully by a joint
venture of Central Government of India and Small Industries Development
Bank of India (SIDBI). The Member Lending Institutions or MLIs are the
members of CGTSI includes scheduled Commercial Banks, regional Rural
Banks, SIDBI, National Small Industries Corporation (NSIC), North-East
Development Financial Institute (NEDFI) etc. CGTSI ensures small
industries to provide them collateral free funds and loans.
If candidate is unable to arrange third party guarantor or collateral
security, CGTSI provides collateral free without third party guarantor
up to Rs. 25 lakhs.
Eligibility
1. Company should be a registered unit.
2. Company should be Small Scale Service and Business (Industry Related)
Enterprises (SSSBEs) i.e., should be registered as small scale industry.
3. Collateral Free without third party guarantor Loan/Fund is available
maximum up to Rs. 25 lakhs only whether proposed/issued fund exceeds Rs.
25 lakhs.
4. Manufacturing Units, Development units, Service based industries can
be benefited
5. For more information visit
www.cgtsi.org.in
Guarantee Fee/Tax and Service Fee/Tax
1. Candidate has to pay 2.5 % one time paid Guarantee Fee on issued
fund/loan on fixed rate. If issued fund exceeds rs. 25 Lacks then
guarantee fee is applicable for Rs. 25 lakhs only.
2. Every Year on 31st March candidate has to pay service tax on due
loan/fund at the rate of 1% per annum.
Guarantee Process
Candidate should reach to nearest MLIs with their proposals and
rest process will be settled by MLIs.
Address
Credit Guarantee Fund Trust for Small Industries (CGTSI)
12th floor, Nariman Bhavan, 227,
Vinay K Shah Marg,
Nariman Point,
Mumbai - 400021
Tel : 022 - 22045142, 22042753, 22045234, 22045105
Fax: 022 - 22045154
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