CGTMSE Power
A Federal Bank term loan or working capital loan for micro and small enterprises, backed by a CGTMSE guarantee so less collateral is needed.
Last updated on
Not yet confirmed. The details on this page are based on Federal Bank, CGTMSE Power (external site) (official website) and Federal Bank, Policy on Lending to MSME (external site) (official website), and we have not been able to confirm them against a current official page. Check with The Federal Bank Limited before you rely on them.
- Status
- Open
- Run by
- The Federal Bank Limited
What you get
- Term loan or working capital with CGTMSE guarantee cover, which reduces the need for collateral
- Loans up to ₹1 crore
- Federal Bank's MSME policy says no collateral is insisted on for loans up to ₹10 lakh to micro and small units, and security can be waived where the loan is covered by CGTMSE
- The bank also runs a hybrid version that needs collateral for at least 25% with CGTMSE covering the rest
Who can apply
- Open to businesses in manufacturing, trading and services.
- Micro and small enterprises.
- The most on offer is ₹1 crore.
- Udyam registration is needed. It is free.
- The business must be a micro or small enterprise with an Udyam Registration Certificate
How to apply
- Apply online through the Federal Bank MSME portal, which also lets you track the application
- Or download the MSME loan application form with its checklist and hand it in at a branch
In person, any Federal Bank branch, where you can also hand in the printed MSME loan application form
In Kerala, any Federal Bank branch, or the Federal Bank MSME portal online
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.