CGTMSE signs MoU with Bank of Baroda

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has announced that it has rolled out a new scheme of risk sharing facility for micro and small enterprises.

According to the sources, the company has inked a Memorandum of Understanding (MoU) with Bank of Baroda (BoB) for implementing the scheme.

The sources further revealed that the scheme, is a part of the World Bank Line of Credit, envisages providing collateral free credit facilities to micro and small enterprises up to Rs 1crore.