Loan without Collateral Security

Providing adequate security for the facility availed by the micro/small enterprises units (MSEs) has been a major roadblock for their inability to access banking system. Keeping this in view, Government of India and SIDBI had set up “Credit Guarantee Fund Trust for Micro and Small Enterprises” (CGTMSE). On the basis of CGTMSE guidelines Banks offers collateral free loans up to Rs. 1 crore to realize the areas of those entrepreneurs who have viable Projects/ proposals but lacks adequate collateral security to offer. Fund Based: Working Capital and Term Finance for capex/ takeover of existing loans Non-Fund based limit viz., Bank Guarantee (BG) and Letter of Credit (LC) . Primary Security will be Exclusive charge on current and fixed assets. No Collateral / Third party guarantee security is required.

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