Credit Fund Scheme For Micro And Small Enterprises- An Overview

Micro and Small Enterprises (MSEs) face the challenge of non- availability of timely and adequate credit at reasonable interest rate as banks perceive a high risk in lending to MSEs and insist on collaterals which are not easily available with these enterprises. In order to make collateral-free credit available to the MSE sector, the Government of India (GOI), on August 30, 2000, launched the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE), with effect from January 1, 2000.

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