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Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME)
Offered by NCGTC MCGS-MSME
Overview
This Government credit guarantee scheme gives MSME manufacturers, and qualifying exporters, 60 to 75 percent guarantee cover on term loans up to Rs 100 crore for machinery or equipment purchase, without requiring collateral from the borrower.
Eligibility
- MSME (manufacturing or service sector) with a valid Udyam Registration Number
- Not classified as an NPA
- Loan for purchase of machinery or equipment, with at least 60 percent of project cost toward machinery or equipment
- Exporters need export turnover of at least 25 percent over the last 3 years for the higher guarantee tier
Funding Purpose
Guaranteed credit for MSME equipment and machinery purchase.
Application Process
Apply for the underlying credit facility through a Member Lending Institution (bank or NBFC), which separately obtains the guarantee cover from NCGTC.
Apply Now ↗
How to Apply
- 1Click "Apply Now" above and submit your application directly on the official page.
- 2The offering organisation screens applications against its own eligibility criteria.
- 3Shortlisted applicants may be invited to a pitch or interview round.
- 4The final decision rests solely with the offering organisation.
- 5There is no guarantee of funding at any stage.
Before You Apply
- ZeedFund is an independent tracker, not the offering organisation or a funding body.
- Verify current eligibility, funding amount, and deadline on the official page before applying. Details can change after we last verified them.
- Once you apply, all follow-up (screening updates, interview or pitch invites, and the final decision) comes directly from the facilitator, incubator, or investor, never from ZeedFund. Check their application portal or email yourself for status updates; we won't have visibility into it.