Our Bank extends collateral-free credit facilities to Micro and Small Enterprises (MSEs) under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. Through this initiative, eligible borrowers can avail loans up to ₹2 crore without the need for third-party guarantees or collateral security, enabling them to focus on business growth and innovation. The CGTMSE coverage ensures that entrepreneurs, start-ups, and existing MSEs have easier access to finance, fostering self-reliance and supporting economic development.
Our Bank provides credit facilities to micro-enterprises under the Credit Guarantee Fund for Micro Units (CGFMU) scheme. This scheme facilitates collateral-free loans of up to ₹10 lakh to eligible borrowers, ensuring hassle-free access to finance for small entrepreneurs, self-employed individuals, and micro-businesses. The CGFMU coverage empowers micro units to meet their business requirements without the burden of collateral, thereby encouraging entrepreneurship, financial inclusion, and sustainable growth.