SBI receives 4 awards at 25th anniversary of CGTMSE
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State Bank of India (SBI) has received First Position in four categories at the 25th anniversary celebration of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), in recognition of its exemplary support to the MSME sector.
- Guarantee Coverage (Amount)
- Year on Year Growth Excellence Award
- Exceptional Support to CGTMSE
- Best Efforts for Information Dissemination
Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS-I Scheme) came into force from August 1, 2000. The Scheme provides Guarantee cover for sanction of collateral free loans to the entrepreneurs by Banks/FIs.
The CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) scheme provides guarantee cover for collateral-free loans to Micro and Small Enterprises (MSEs). The maximum guarantee coverage limit is ₹10 crore per borrower. This applies to both term loans and working capital facilities.