Launched in August 2000 by the Ministry of Micro, Small and Medium Enterprises and Small Industries Development Bank of India (SIDBI) , the Credit Guarantee Fund Trust for Micro and Small Enterprises(CGTMSE) provides guarantee for collateral / third party guarantee free loan upto Rs. 100 lakh to Micro & Small Enterprises –through 96 member lending institutions(MLIs)

How Competitive are Indian SMEs

By Rohit Arora, co-founder of Biz2Credit

As part of my job at Biz2Credit, I meet and interact with a large number of SMEs across the developed and developing world. The current recession across the developed world, leading to a sharp drop in Indian exports (predominantly done by SMEs) has brought the issue to the forefront again.