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The finance Guarantee Fund Trust for Micro and Small companies (CGTMSE) is critical to improving finance access for India's micro and small companies (MSEs). Established to alleviate these firms' financial constraints, CGTMSE acts as a backstop by offering credit guarantees to lenders, enabling them to extend financial assistance to MSEs without requiring collateral. This mechanism enables MSEs, which frequently lack collateral or credit history, to get loans and start on entrepreneurial endeavours, so boosting economic growth and creating job possibilities. By reducing risk for lenders, CGTMSE improves the flow of credit to this critical sector, allowing MSEs to thrive and contribute considerably to the nation's economic growth. Through its operations, CGTMSE exemplifies the synergy between government assistance and private sector participation, creating a favourable climate for MSEs to thrive and reach their full potential.
Keywords:
Financial Assistance, CGTMSE, Credit Guarantee.
Cite Article:
"A STUDY ON AWARENESS OF CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES WITH REFERENCE TO COIMBATORE CITY", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 4, page no.450 - 455, April-2024, Available :http://www.ijrti.org/papers/IJRTI2404061.pdf
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000205308
ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator