New Delhi, July 23 -- The Ministry of Micro, Small and Medium Enterprises (MSME) implements the Credit Guarantee Scheme (CGS) for Micro Small Enterprises (MSEs) through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Union Minister of State for MSME, Shobha Karandlaje, informed this in Lok Sabha as a written reply to a question on Thursday.

She said that "the aim is to provide credit guarantees for the credit facilities extended to MSEs, including first-generation entrepreneurs, women-led enterprises, and units located in backward districts, without collateral security or third-party guarantees, across the Country."

"To improve the credit flow and enhance awareness of the CGTMSE scheme among MSEs, the governmen...