Finance your business with ICICI Bank’s Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Loans!

The Government of India and The Ministry of Micro, Small and Medium Enterprises have jointly launched a guarantee scheme to offer credit to micro and small enterprises. This guarantee is provided by a trust fund called the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), which is set up by the Government of India and SIDBI.

This is a hybrid security product where ICICI Bank offers a combination of secured and unsecured loans. Unsecured loan would be the part that is not covered by the collateral security. This loan is offered to Micro and Small Enterprises registered with Udyam or Udhyog Aadhaar. All entities except for educational institutes, agriculture, self-help groups and training institutes, are eligible to avail this guarantee backed loan.

LTV up to 90% allows the customer to avail a collateral free loan up to Rs 2 crore, for a tenure up to 15 years, over the base secured loan.

For details, give us a missed call on 9022499400.

Prominent Features of CGTMSE Loans

ICICI Bank offers a variety of products under the CGTMSE Loans portfolio. If you are an entity eligible for CGTMSE, you can apply for any of the products mentioned below:

  • Loan Against Property
  • Non Residential Premise Loan
  • Balance Transfer and Top-Up Product
  • Top Up.

For the collateral free portion of the loan (unsecured loan), the below annual guarantee fee would be applicable:

Facility AmountAnnual Guarantee Fee (AGF) [% p.a.]*
Women, Micro Enterprises and Units covered in North East Region Others
Above Rs 10 lakh and up to Rs 50 lakh 1.35% 1.50%
Above Rs 50 lakh and up to Rs 200 lakh 1.80%
Retail Trader (Above Rs 10 lakh and up to Rs 100 lakh) 2.00%
*Annual Guarantee Fee (AGF) would be charged on the guaranteed amount for the first year and on the outstanding amount for the remaining tenure of the credit facility.

Popular FAQs

What is a CGTMSE Loan?
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a trust fund that provides guarantee against unsecured loans given by financial institutions to Micro and Small Enterprises.
Who can avail a CGTMSE Loan?
Micro and Small Enterprises (except for educational institutes, agriculture, self-help groups and training institutes) can avail this loan. Sole proprietorship firms, partnership firms, private limited companies, public limited companies can also avail this loan.
What facilities are offered under the CGTMSE loan?

With the CGTMSE Loan you can avail

  • A total loan up to Rs 7 crore, of which the secured loan can be up to Rs 5 crore
  • Collateral free loans up to Rs 2 crores, under the CGTMSE scheme
  • Term Loan for meeting the working capital or business expansion requirement.
What is the loan tenure under the CGTMSE Loan?
Tenure under the CGTMSE Loan is up to 15 years.
What will be the LTV (Loan to Value) amount for the CGTMSE loan?
Loan to value is up to 90% for the CGTMSE Loan.
For which property types can a Top-Up loan be availed in CGTMSE Loan?
Top-up can be availed for both residential & commercial properties.
Are fraud/ wilful default accounts eligible under this scheme?
Accounts declared as fraud/ wilful defaulter, will not be considered under the scheme.
Is there any annual fee being charged against the unsecured guaranteed loan?
Yes, an annual fee is applicable for all unsecured loans, which are backed by CGTMSE.
Can the loan under this product be availed as an Overdraft facility?

No, this product is only offered as a Term Loan. Overdraft facility is not allowed under this facility.

Terms and Conditions apply.

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