CGTMSE is being operated under the joint initiative of the Ministry of Micro, Small Industries, and SIDBI of the Central government, and compensates the loss of loan amount received from banks by micro and small-scale industry units working in the country. According to CGTMSE CEO Sandeep Verma, loans under the scheme are guaranteed to small-scale entrepreneurs, so that those who do not have bank guarantees and want to expand their businesses, can avail loans.
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