Page 9 - Cgtmse

OVERVIEW FINANCIAL STATEMENTS

About CGTMSE

Fueling ideas, Nurturing Entrepreneurial Soar

The economic and social MLIs and enable increased credit by CGTMSE has a ripple effect
development across the globe flow to the MSE Sector. on the economy. As these
is greatly impacted by the part CGTMSE has been a catalyst businesses grow, they contribute
played by the Micro and Small for positive change in the to local economic development,
Enterprises (MSEs). The MSEs entrepreneurial landscape of generate employment, and add
play a key role in development India. It has not only facilitated to the overall economic output.
of the economy with their easier access to credit for MSEs As a catalyst for nation-building,
efficient, flexible, innovative and but has also played a crucial role CGTMSE mirrors hope and
entrepreneurial spirit. in shaping success stories and resonates with kindness through

Although MSEs hold a significant contributing to the economic concerted endeavours motivated
importance in the Indian development of the country. by passion and upheld by trust.
economy, they continue to face The success of MSEs supported
challenges in relation to access
to institutional credit particularly
by first generation entrepreneurs, Cumulative no.
collateral requirements, start- of guarantees
ups etc. It was against this approved
background that the Credit 110+ Lakhs
Guarantee Fund Trust for Micro Cumulative
and Small Enterprises (CGTMSE) Guarantee
was established in July 2000 Amount
by Government of India and `4+ Lakhs
SIDBI with the objective of crore
guaranteeing collateral and/or
third party guarantee free credit
facilities so as to boost flow of
credit to the Micro and Small
Enterprises (MSE) sector in India.

CGTMSE has established itself Member Lending
as a vital institution in facilitating Institution
flow of collateral free credit to 150+
units in MSE sector in the last 23
years of its existence. CGTMSE Women
has from time to time introduced Beneficiary
various changes in the guarantee 21%
schemes which make the
Scheme more attractive to the

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