Webinar Report: “How to Get Benefits of CGTMSE Loan”
Webinar Report
Date: April 15, 2025
Time: 3:00 PM – 5:00 PM
Format: Live Online Webinar
Speakers: Mr. Ashok Jha (Founder, Early Grow Advisory Services Pvt. Ltd.), CA Hemendra Gupta (Chartered Accountant & MSME Finance Expert), CA Sunil Aggarwal (Senior Chartered Accountant)
Event Overview
The webinar titled “How to Get Benefits of CGTMSE Loan” was conducted on April 15, 2025, aiming to educate Micro, Small, and Medium Enterprises (MSMEs) about the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. The session featured insights from Mr. Ashok Jha, an esteemed MSME policy advisor; CA Hemendra Gupta, a seasoned chartered accountant specializing in MSME finance; and CA Sunil Aggarwal, a senior Chartered Accountant.
Key Insights from the Speakers
Mr. Ashok Jha: Strategic Financial Planning for MSMEs
Mr. Jha emphasized the importance of strategic financial planning and highlighted the following points:
Understanding CGTMSE: Explained the objectives and benefits of the CGTMSE scheme, which provides collateral-free credit to MSMEs through a risk-sharing mechanism. Wikipedia
Eligibility Criteria: Discussed the eligibility requirements for MSMEs to avail of CGTMSE benefits, including registration under the Udyam Portal and approaching partnered financial institutions. Wikipedia
Application Process: Outlined the steps involved in applying for a CGTMSE-covered loan, emphasizing the importance of proper documentation and business planning.
CA Hemendra Gupta: Taxation and Compliance Optimization
CA Gupta provided insights into taxation and compliance, focusing on:
Financial Documentation: Stressed the significance of maintaining accurate financial records to facilitate loan approvals under CGTMSE.
Tax Planning: Discussed strategies for effective tax planning to minimize liabilities and enhance creditworthiness.
Regulatory Compliance: Highlighted the importance of timely compliance with statutory requirements to prevent additional costs and penalties.
Mr. Sunil Aggarwal: Operational Aspects of CGTMSE
Mr. Aggarwal provided an overview of the operational framework of CGTMSE:
Coverage Limits: Explained the guarantee coverage percentages, including 85% for micro-enterprises (loans up to ₹5 lakh) and MSEs owned by women or located in North-East India; 75% for other MSEs (loans above ₹5 lakh and up to ₹1 crore); and 50% coverage for loans between ₹1 crore and ₹5 crore. Wikipedia
Partner Institutions: Discussed the role of over 140 financial institutions participating in the scheme, including public/private sector banks, regional rural banks, NBFCs, and cooperative banks. Wikipedia
Technological Integration: Highlighted the integration of AI-driven risk assessment tools and automation in claim settlement processes to reduce approval times and improve fraud detection.
Actionable Takeaways for MSMEs
Register on the Udyam Portal: Ensure your enterprise is registered to be eligible for CGTMSE benefits.
Approach Partnered Lenders: Engage with financial institutions that are part of the CGTMSE scheme for loan applications.
Maintain Accurate Financial Records: Keep detailed and up-to-date financial documentation to facilitate loan approvals.
Leverage Government Schemes: Utilize government initiatives like the MSME Credit Card, which offers a revolving credit facility with automatic CGTMSE coverage.
