Objective To encourage first generation entrepreneurs to venture into self-employment opportunities by facilitating credit guarantee support for collateral free / third-party guarantee-free loans to the Micro and Small enterprises (MSEs), especially in the absence of collateral. Key benefits Credit guarantee for loans up to Rs. 10 crores, without collateral and third-party guarantee. Guarantee coverage ranges from 85% (Micro Enterprise) to 75% (others). Scheme applicable for Existing Entrepreneurs and Aspiring Entrepreneurs. Scheme information Any collateral/ third party guarantee free credit facility (both fund as well as non-fund based) extended by eligible institutions, to new as well as existing Micro and Small Enterprises, including Service Enterprises, with a maximum credit cap of Rs. 10 crore are eligible for guarantee under the scheme. Recently, guarantee coverage made eligible to select NBFCs and Small Finance banks. The guarantee cover available under the scheme is to the extent of 50%/ 75% / 80% & 85% of the sanctioned amount of the credit facility. The extent of guarantee cover is 85% for micro enterprises for credit up to Rs. 5 lakh. The extent of guarantee cover is 75% of the sanctioned amount of the credit facility for credit from Rs. 50 lakh to Rs. 10 crore per MSE borrower for retail trade activity. The extent of guarantee cover is 80% for all credits/loans in the North East Region (NER) for credit facilities up to Rs. 50 lakh. 90 % for Women entrepreneurs / SC/ST entrepreneurs / Person with Disability (PwD)/ MSE promoted by Agniveers / MSEs situated in Aspirational District/ ZED certified MSEs How to apply: Through Member Lending Institutions (Banks and NBFCs) For detailed guidelines please visit https://www.cgtmse.in