India: approved guarantees within CGTMSE fund by category 2021

In financial year 2021, over 526 thousand credit guarantees worth nearly 223 billion Indian rupees were approved by public banks within the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in India. This was by far the biggest contribution within the trust. Non-banking financial companies (NBFCs) followed second with guarantees worth over 81 billion rupees.
CGTMSE is a joint initiative by the Government of India and the Small Industries Development Bank of India (SIDBI) which started in 2001. 115 financial institutions were member lending institutions of the trust at the end of financial year 2020.

Value of approved guarantees within Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in India in financial year 2021, by category (in billion Indian rupees)

Characteristic	Gurantee value in billion Indian rupees
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Release date

January 2022

More information

Region

India

Survey time period

FY 2020

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of March 2022).

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