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Chairman’s Message

It gives me immense pleasure to report that CGTMSE has successfully completed two decades of dedicated service to the Indian MSE Sector by facilitating access to finance to MSE Entrepreneurs through Lending Institutions. FY 2020 will be remembered as a remarkable year for CGTMSE in terms of operational growth taking the cumulative guarantees approved under the Scheme to over 43 lakh for an aggregate loan amount of T2.2 I lakh crore. During FY 2020, guarantee coverage has increased by 52% in terms of amount and 94% in terms of number, which, I say with pride, is the highest eversince its inception.

In order to cover large number of MSEs and improve the ease of delivery, we have been bringing about continuous modifications in the product line of CGTMSE. The year gone by was no exception and many major policy changes in the credit guarantee products were introduced. The trust has leveraged technology to improve operational efficiencies which is reflected in not only in increase in business volume but also in its financial self-sustainability. CGTMSE has been able to instil confidence and encourage banks to lend more to MSEs by providing increasing guarantee cover to credit facilities extended by these institutions as well as by providing improved quality of service.

We ho pe to mai ntain th e growt h momentum in future also. CGTMSE on its part is deeply committed to pursuing this development agenda by accelerating guarantee coverage and providing the requisite stimulus for institutional lending to the MSEs. As part of its efforts to broaden the canvas of guarantee to be provided to the MSE Sector, CGTMSE has also included Scheduled Urban Co-operative Banks as Member Lending Institutions along with NBFCs, including Fin-Tech NBFCs and SFBs in the recent past. These broadening would give further impetus to entrepreneurship and flow of credit to MSEs.

I am grateful to Ministry of MSME, Govt. of India, the Reserve Bank of India, Indian Banks' Association and the Small Industries Development Bank of India for their valuable, timely and continuous support in the CGTMSE's endeavour at creating an enabling environment for the MSE sector. I would also like to express my appreciation for the co-operation extended by the MLIs as well as all partner institutions of CGTMSE for their dedicated efforts and support to upscale the operations of CGTMSE.

With regards,
Chairman, CGTMSE

It gives me immense pleasure to report that CGTMSE has successfully completed two decades of dedicated service to the Indian MSE Sector by facilitating access to finance to MSE Entrepreneurs through Lending Institutions. FY 2020 will be remembered as a remarkable year for CGTMSE in terms of operational growth taking the cumulative guarantees approved under the Scheme to over 43 lakh for an aggregate loan amount of T2.2 I lakh crore. During FY 2020, guarantee coverage has increased by 52% in terms of amount and 94% in terms of number, which, I say with pride, is the highest eversince its inception.

In order to cover large number of MSEs and improve the ease of delivery, we have been bringing about continuous modifications in the product line of CGTMSE. The year gone by was no exception and many major policy changes in the credit guarantee products were introduced. The trust has leveraged technology to improve operational efficiencies which is reflected in not only in increase in business volume but also in its financial self-sustainability. CGTMSE has been able to instil confidence and encourage banks to lend more to MSEs by providing increasing guarantee cover to credit facilities extended by these institutions as well as by providing improved quality of service.

We ho pe to mai ntain th e growt h momentum in future also. CGTMSE on its part is deeply committed to pursuing this development agenda by accelerating guarantee coverage and providing the requisite stimulus for institutional lending to the MSEs. As part of its efforts to broaden the canvas of guarantee to be provided to the MSE Sector, CGTMSE has also included Scheduled Urban Co-operative Banks as Member Lending Institutions along with NBFCs, including Fin-Tech NBFCs and SFBs in the recent past. These broadening would give further impetus to entrepreneurship and flow of credit to MSEs.

I am grateful to Ministry of MSME, Govt. of India, the Reserve Bank of India, Indian Banks' Association and the Small Industries Development Bank of India for their valuable, timely and continuous support in the CGTMSE's endeavour at creating an enabling environment for the MSE sector. I would also like to express my appreciation for the co-operation extended by the MLIs as well as all partner institutions of CGTMSE for their dedicated efforts and support to upscale the operations of CGTMSE.

With regards,
Mohammad Mustafa, I.A.S.
Chairman, CGTMSE