Question
Which state government has launched the Credit Guarantee
Scheme this year to enable small businesses in the state to access formal credit without collateral & has partnered with Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), jointly set up by the MSME Ministry and Small Industries Development Bank of India (SIDBI), to increase the flow of institutional credit to micro and small enterprises (MSEs)?Solution
Assam government has launched the Assam Credit Guarantee Scheme (Assam CGS, or ACGS) this year to enable small businesses in the state to access formal credit without collateral. The state government has partnered with Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), jointly set up by the MSME Ministry and Small Industries Development Bank of India (SIDBI), to increase the flow of institutional credit to micro and small enterprises (MSEs) in the state.
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