Collateral-Free Business Loans via CGTMSE & MUDRA

Access government-backed credit facilities without collateral requirements for micro and small enterprises.

हिंदी सारांश: CGTMSE और MUDRA योजनाओं के माध्यम से बिना गारंटी के व्यावसायिक ऋण प्राप्त करें। सूक्ष्म और लघु उद्यमों के लिए ₹10 लाख तक के ऋण बिना संपार्श्विक के उपलब्ध हैं।

What is CGTMSE?

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a scheme that provides credit guarantee to banks and financial institutions, enabling them to extend collateral-free credit to MSMEs. The guarantee cover is up to 85% of the sanctioned amount.

What is MUDRA?

Pradhan Mantri MUDRA Yojana (PMMY) provides loans to micro/small business units through three categories:

Eligibility Criteria

• CGTMSE: Micro and small enterprises as per MSMED Act with project cost up to ₹2 crore
• MUDRA: Non-corporate, non-farm small/micro enterprises for income generating activities
• Existing businesses and new ventures both eligible
• Manufacturing, trading, and service sector enterprises
• No collateral or third-party guarantee required for loans up to ₹10 lakh under CGTMSE
• Borrower should have Udyam/MSME registration (recommended but not mandatory for MUDRA)

Key Benefits

• No Collateral: Loans up to ₹10 lakh without any collateral or third-party guarantee
• Lower Interest Rates: Competitive rates compared to unsecured business loans
• Quick Processing: Faster approvals due to credit guarantee backing
• Flexible Tenure: Repayment periods ranging from 3-7 years depending on loan type
• Wide Coverage: Available through all scheduled commercial banks and RRBs
• Business Growth: Working capital and term loans for expansion and operations

Loan Types Covered

• Working capital for inventory, raw materials, and operational expenses
• Term loans for machinery, equipment purchase, and business setup
• Composite loans (working capital + term loan)
• Loans for service sector activities
• Transport vehicle loans for commercial use

Application Process

1. Initial Assessment: Determine loan requirement and category (CGTMSE/MUDRA)
2. Documentation: Prepare KYC, business proof, financials, and project details
3. Bank Selection: Choose from empanelled banks/NBFCs offering best terms
4. Loan Application: Submit application with supporting documents
5. Appraisal: Bank evaluates business viability and credit history
6. Sanction & Disbursement: Loan sanctioned and disbursed after approval

Required Documents

• Identity Proof: Aadhaar, PAN Card, Voter ID
• Address Proof: Utility bills, rent agreement
• Business Proof: Registration certificate, GST, Udyam certificate
• Financial Documents: Bank statements (6-12 months), ITR, balance sheet
• Project Report: Business plan with cost estimates and revenue projections
• Quotations: For machinery/equipment purchase
• Photographs: Passport size photos of applicant

How Agnivridhi Helps

Our comprehensive loan assistance includes:

• Eligibility Check: Free assessment of your loan eligibility and best scheme selection
• Documentation Support: Complete assistance in gathering and preparing required documents
• Project Report Preparation: Professional DPR with financial projections and viability analysis
• Bank Coordination: Liaise with multiple banks to get competitive offers
• Application Tracking: Follow-up with bank until loan disbursement
• Higher Success Rate: Our expertise maximizes your chances of approval

"Agnivridhi made the CGTMSE loan process incredibly smooth. They handled all documentation and bank coordination professionally. Highly recommended!"