Collateral-Free Financing: One of the most significant advantages of CGTMSE loans is that they do not require borrowers to pledge collateral security. This makes it easier for small businesses, especially those with limited assets, to access credit and fuel their growth aspirations.
Coverage of Loan Amount: CGTMSE loans typically cover up to 85% of the sanctioned loan amount for micro and small enterprises (MSME), with a maximum limit of Rs. 5 crores. This provides SMEs with substantial financial support to meet their diverse business needs.
Wide Range of Eligible Activities: Whether it’s setting up a new business, expanding existing operations, purchasing machinery and equipment, or meeting working capital requirements, CGTMSE loans can be utilized for a variety of business purposes, making them highly versatile and adaptable to different industry requirements.
Competitive Interest Rates: CGTMSE loans are offered at competitive interest rates, ensuring that borrowers can access affordable financing options without putting undue strain on their finances.
Quick and Hassle-Free Processing: With streamlined application and approval processes, CGTMSE loans are known for their quick turnaround times, allowing businesses to access funds when they need them the most.
