“Our dream is to have something to offer to every small borrower”
Indian Economy & Market|September 2022
"CGTMSE on its part is deeply committed to pursuing government's development agenda by accelerating guarantee coverage and providing the requisite stimulus for institutional lending to the MSES. I personally feel that a lot can be done still for the women entrepreneurs and for the people belonging to socially weaker section of the society. We are working on proposals to provide them additional benefits. Ultimately our aim is to make an inclusive society."
“Our dream is to have something to offer to every small borrower”

How is the CGTMSE enabling environment for the MSE sector?

 It is a well-documented fact that one of the basic problems of the MSME segment is the availability of collateral security. Sometimes overleveraging also results; like whatever you have is already used but to grow you need more loans. In that situation it becomes difficult to get fresh loan because the collateral security value gets diluted. Banker’s comfort level starts diminishing. RBI has issued guidelines that loans up to ₹10 lakh loan has to be without collateral security. That has to be collateral free. But beyond decision to take collateral for loans above ₹10 lakh is left to the banks. CGTMSE comes into the picture for giving comfort to banks for extending collateral free laons. The reason of setting of this organization was to facilitate collateral security free lending to MSMES. That is our basic objective.

That means you enter only after 10 lakh?

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