Page 27 - Cgtmse

OVERVIEW FINANCIAL STATEMENTS

In order to provide ease of doing business for its MLIs, CGTMSE has embarked upon enhancing the
technology platform on which the entire Guarantee Scheme works. CGTMSE initiated to introduce
an exhaustive advance system called Guarantee Management System (GMS). This will be a uniform
integrated platform which encompasses the complete journey of Credit Guarantee from Sanction
of Guarantee till claim settlement. The solution will have Application Programming Interfaces (APIs)
which will enable MLIs to integrate its core banking systems with CGTMSE system to push the data
directly without human intervention. Accordingly, API integration has been done with major banks
such as State Bank of India, HDFC Bank Ltd., Punjab National Bank, Union Bank of India, Central Bank
of India, Indian Overseas Bank, Indian Bank and UCO Bank. This will ensure purity of data apart from
real-time sanction of guarantees, which will improve the disbursement TAT at MLI end.

The discussions are underway with various Ministries like Ministry of Social Justice and
Empowerment, Ministry of Rural Development, Ministry of Skill Development & Enterpreneurship and
other agencies like Asian Development Bank (ADB) etc for collaboration with a specific objective to
strengthen credit flow to MSE sector.

CGTMSE has partnered with World Bank and KfW to implement Solar Rooftop Credit Guarantee
Scheme for MSMEs, to support lending to MSMEs / RESCOs for scaling solar rooftop installations in
MSME sector.

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