Mumbai: The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) marked its 25th anniversary with a Silver Jubilee celebration in Mumbai, recognizing outstanding Member Lending Institutions (MLIs) for their role in expanding access to collateral-free credit and empowering India’s micro and small business ecosystem.
Senior leaders from CGTMSE, including Chairman Manoj Mittal, CEO Manish Sinha, and SIDBI DMD Prakash Kumar, felicitated leading banks and financial institutions for their performance in MSME credit guarantee operations, credit risk management, and digital innovation.
State Bank of India emerged as the top performer in Guarantee Coverage (Amount) and Year-on-Year Growth, while Union Bank of India and Punjab National Bank led in Guarantee Coverage (Number). Among private banks, HDFC Bank stood out with exemplary performance.
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In the NBFC category, Bajaj Finance Ltd. was honored for leading in Guarantee Coverage (Amount), followed by Tata Motors Finance and SMFG India Credit.
The event also recognized institutions for niche contributions:
- Bank of India – Best Digital Adoption
- IndusInd Bank – Outreach under Informal Micro Enterprises (IME)
- Punjab and Sind Bank – Fastest Growth
- Bank of Baroda – Steady Performance
Cooperative and regional rural banks like Saraswat Bank, Jana Small Finance Bank, and Karnataka Vikas Grameena Bank also received accolades for impactful lending in underserved markets.
The celebration was attended by senior banking executives including Surender Rana and Anindya Sunder Paul, DMDs of SBI, and underlined CGTMSE’s unwavering focus on digital empowerment, inclusive credit, and financial innovation.
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About CGTMSE
Established in 2000 by the Ministry of MSME, Government of India, and SIDBI, the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides guarantee cover for collateral- and third-party guarantee-free credit to eligible MSMEs via registered MLIs.
Over 1 crore guarantees have been issued to date, making CGTMSE a critical pillar of India’s MSME financing landscape.
Celebrating its 25-year milestone, CGTMSE reaffirmed its mission to strengthen India’s credit guarantee framework and support the nation’s Aatmanirbhar Bharat vision by empowering small businesses with accessible and reliable credit solutions.
