CGTMSE Celebrates 25 Years: Empowering India's Micro and Small Enterprises

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) marked a milestone by celebrating its Silver Jubilee, recognizing key players in MSME financing. Leading Member Lending Institutions were felicitated for their contributions to credit risk management and institutional excellence during an event in Mumbai.

Key leaders, including Shri Manoj Mittal of CGTMSE and Shri Prakash Kumar from SIDBI, presented awards to institutions like State Bank of India and Union Bank of India for outstanding achievements in guarantee coverage. Bajaj Finance and HDFC Bank were among those recognized for their significant roles in digital innovation and outreach initiatives.

The celebration underscored CGTMSE's commitment to enhancing India's credit guarantee ecosystem, crucial for supporting micro and small enterprises aligned with the vision of Aatmanirbhar Bharat. Awards highlighted the exceptional performance and contributions of banks and financial institutions to this mission.

(With inputs from agencies.)