The Kota Central Co-operative Bank has been registered as a Member Lending Institution under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). This move is set to enhance financial support for small businesses in Kota and surrounding areas.
With access to a guarantee exposure of Rs 25 crore, the bank can now extend more credit to micro and small enterprises, fostering economic growth and entrepreneurship.
The Credit Guarantee Scheme, established by the Ministry of MSME in collaboration with SIDBI, encourages lending institutions to provide collateral-free loans.
Kumar Vaibhav, Assistant Manager at CGTMSE, conveyed the approval and requested the bank to submit user details for login credentials.
The official communication was directed to relevant stakeholders, including the Rajasthan government.
Bank officials expressed optimism about the opportunities this brings for local businesses, reinforcing their commitment to financial inclusion and regional economic development.
This milestone positions Kota Central Co-operative Bank as a key player in supporting SMEs, job creation, and strengthening the local economy.
Hello sir me ek MSME hu aur mujhe bhi business main capital ki problem hoti hai, business ko qrow karne ke liye muje loan ki requirment hi.
I an new entrepreneur and required new
I an new entrepreneur and required new business loan for doing business under CGGSHEME. MY MOBILE NO 9831249088