Here Are Some Common Myths About CGTMSE Funding:

Myth: CGTMSE is a Loan Scheme
Fact: CGTMSE is not a loan scheme; it is a credit guarantee scheme which provides repayment guarantee to lenders for loans extended under the scheme.

Myth: The Loan under CGTMSE is given by Independent Nodal Agency / Institution.
Fact: There is no such independent agency. It is implemented through Banks & Financial Institutions. Eligibility is arrived as per business credentials & cover under CGTMSE is taken in case of no collateral / short collateral.

Myth: The borrower doesn’t need to provide any document.
Fact: A borrower needs to provide a comprehensive business plan, financial statements, and other supporting documents to arrive at the eligibility.

Myth: Every Borrower is eligible for Rs. 5 crores (max funding).
Fact: The quantum of funding is decided as per business credentials of the borrower. 

Myth: No CIBIL check for funding under CGTMSE scheme.
Facts: The prudent credit practice is no exception in any scheme. CIBIL check is mandatory to assess the profile.

Myth: CGTMSE Loans are always approved.
Fact: No… Borrower must demonstrate viability, profitability & repayment capacity to avail funding under the scheme.

How NKB Kredit, Can Help You?

We specialize in helping businesses navigate the complexities of CGTMSE funding. From preparing the right presentation of business documents to coordinating with banks, we ensure seamless & smooth funding process tailored to your needs. We also understand the working capital facilities can be enhanced in evolving manner without disturbing existing credit facilities.