{"id":4361,"date":"2023-05-08T09:41:09","date_gmt":"2023-05-08T09:41:09","guid":{"rendered":"https:\/\/msmefinserv.com\/index.php\/2023\/05\/08\/term-loan-or-overdraft-some-differentiating-points-copy\/"},"modified":"2023-05-19T11:52:03","modified_gmt":"2023-05-19T11:52:03","slug":"cgtmse-write-up","status":"publish","type":"post","link":"https:\/\/msmefinserv.com\/index.php\/2023\/05\/08\/cgtmse-write-up\/","title":{"rendered":"CGTMSE Write Up"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4361\" class=\"elementor elementor-4361\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3bc77be elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3bc77be\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d206b60 ot-flex-column-vertical\" data-id=\"d206b60\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ddce0f6 elementor-widget elementor-widget-iheading\" data-id=\"ddce0f6\" data-element_type=\"widget\" data-widget_type=\"iheading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"ot-heading\">\r\n\t        <span class=\"is_highlight\">our blog<\/span>\t        <h2 class=\"main-head\">CGTMSE Write Up<\/h2>\t    <\/div>\r\n\t    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c3034e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c3034e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-41087e1 ot-flex-column-vertical\" data-id=\"41087e1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3574ea9 elementor-widget elementor-widget-text-editor\" data-id=\"3574ea9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Collateral-free credit:<\/strong><br \/>One of the key features of the CGTMSE scheme is that it provides collateral-free credit to MSEs. This means that MSEs can avail loans without having to provide any collateral security, which is a major advantage for small businesses that do not have significant assets to pledge as collateral.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d294a2 elementor-widget elementor-widget-text-editor\" data-id=\"3d294a2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Low cost of borrowing:<\/strong><br \/>Another important advantage of the CGTMSE scheme is that it provides credit at a low cost of borrowing. The interest rate on loans availed under the scheme is usually lower than that of other loans, which makes it easier for MSEs to repay their loans.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81de101 elementor-widget elementor-widget-text-editor\" data-id=\"81de101\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Wide coverage:<\/strong><br \/>The CGTMSE scheme covers a wide range of MSEs, including those in the manufacturing, service, and trading sectors. This means that MSEs from different sectors can avail credit under the scheme, which makes it more accessible to a larger number of businesses.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c61fedf elementor-widget elementor-widget-text-editor\" data-id=\"c61fedf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Large loan amount:<\/strong><br \/>Under the CGTMSE scheme, MSEs can avail loans of up to INR 2 crores. This allows MSEs to meet their financial requirements and expand their business operations without worrying about the availability of credit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eed7a54 elementor-widget elementor-widget-text-editor\" data-id=\"eed7a54\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Quick disbursement:<\/strong><br \/>Loans availed under the CGTMSE scheme are disbursed quickly, which helps MSEs meet their urgent financial needs. This is a significant advantage for small businesses that need credit to meet their day-to-day expenses or to fulfill orders from customers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e4d64f elementor-widget elementor-widget-text-editor\" data-id=\"6e4d64f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Simplified procedures:<\/strong><br \/>The procedures for availing loans under the CGTMSE scheme are simple and easy to follow. This helps MSEs in availing credit without any hassle, which is especially important for small businesses that do not have the resources to navigate complex loan application processes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-081eff8 elementor-widget elementor-widget-text-editor\" data-id=\"081eff8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Risk-sharing:<br \/><\/strong> The CGTMSE scheme provides a risk-sharing mechanism to lenders. This means that in case of default by the borrower, the CGTMSE Trust settles the outstanding amount of the credit facility up to a certain percentage. This reduces the risk for lenders and encourages them to lend to MSEs that they might otherwise have considered too risky.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1bb86d4 elementor-widget elementor-widget-text-editor\" data-id=\"1bb86d4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In conclusion, the CGTMSE scheme is a valuable initiative that has helped thousands of MSEs in India access credit without having to provide collateral security. The scheme&#8217;s features and advantages, such as collateral-free credit, low cost of borrowing, wide coverage, large loan amount, quick disbursement, simplified procedures, and risk-sharing, have made it a popular choice among small businesses in India.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>our blog CGTMSE Write Up Collateral-free credit: One of the key features of the CGTMSE scheme is that it provides collateral-free credit to MSEs. This means that MSEs can avail loans without having to provide any collateral security, which is a major advantage for small businesses that do not have significant assets to pledge as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[2,3],"tags":[],"class_list":["post-4361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-consulting"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/posts\/4361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/comments?post=4361"}],"version-history":[{"count":5,"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/posts\/4361\/revisions"}],"predecessor-version":[{"id":4367,"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/posts\/4361\/revisions\/4367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/media\/4440"}],"wp:attachment":[{"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/media?parent=4361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/categories?post=4361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/msmefinserv.com\/index.php\/wp-json\/wp\/v2\/tags?post=4361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}