Ministry of MSME implements the Credit Guarantee Scheme (CGS) for Micro and Small Enterprises (MSEs) to provide credit guarantees for the credit facilities extended to MSEs

India, July 23 -- The Government of India has issued a release:

The Ministry of Micro, Small and Medium Enterprise (MSME) implements Credit Guarantee Scheme (CGS) for Micro Small Enterprises (MSEs) through Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) 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.

Measures taken by the Government to improve credit flow and enhance awareness of the CGTMSE scheme among MSEs include:

This information was given by the Union Minister of State for MSME, Sushri Shobha Karandlaje in Lok...