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Home » About Us » Background
Subsequent to the Central Budget announcements during the year 2013-14 to set up various credit guarantee funds, a common trustee company in the name and style of National Credit Guarantee Trustee Company Ltd (NCGTC) was set up by the Department of Financial Services, Ministry of Finance, Government of India to, inter alia, to act as a common trustee company to manage and operate various credit guarantee trust funds.

NCGTC was incorporated under the Indian Companies Act, 1956 on March 28, 2014 with a paid up capital of ₹10 crore, with its registered office at Swavalamban Bhavan, C-11, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051.


The following Credit Guarantee Trust Funds are under the trusteeship management of NCGTC:

1) Credit Guarantee Fund for Skill Development (CGFSD):

  • Guarantees for Skill Development Loans by the member banks of IBA up to ₹ 1.5 lakh extended by lending institutions to eligible borrowers without collateral or third-party guarantee.

2) Credit Guarantee Fund for Education Loans (CGFEL):

  • Guarantees for Education Loans by the member banks of IBA up to ₹ 7.5 lakh extended by lending institutions to eligible borrowers without collateral or third-party guarantee.

3) Credit Guarantee Fund for Factoring (CGFF):

  • Guarantees for domestic factored debts of MSMEs.

4) Credit Guarantee Fund for Micro Units (CGFMU):

  • Guarantees for loans up to the specified limit (currently ₹10 Lakh) sanctioned by Banks / NBFCs / MFIs / other financial intermediaries engaged in providing credit facilities to eligible micro units. Further, Overdraft loan amount of ₹10,000 sanctioned under PMJDY accounts shall also be eligible to be covered under Credit guarantee Fund.

5) Credit Guarantee Fund for Stand Up India (CGFSI):

  • Guarantees for credit facilities of over ₹10 lakh & upto ₹100 lakh sanctioned by the eligible lending institutions, under the Stand Up India Scheme (SC/ST/Women for setting up Greenfield enterprises).

6) Emergency Credit Line Guarantee Scheme (ECLGS):

  • Launched as a special scheme to enable liquidity support to businesses adversely impacted by lockdown due to COVID 19 pandemic. Provides for 100 % guarantee coverage to Banks & NBFC’s on credit extended to Business Enterprises/MSMEs on their loan outstanding as on February 29, 2020, subject to defined criteria, to meet their additional term loan/additional working capital requirements.

7) Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS):

  • To provide guarantee coverage for the funding provided by Scheduled Commercial Banks to eligible projects in the healthcare sector in non-metropolitan areas for setting up of or modernising /expanding (i) hospitals/dispensaries/clinics/medical colleges/pathology labs/diagnostic centres; (ii) facilities for manufacturing of vaccines/oxygen/ventilators/priority medical devices; (iii) public healthcare facilities. The scheme shall provide guarantee cover to both brownfield projects and greenfield projects, subject to a maximum loan of ₹100 crore per project. The guarantee cover provided by NCGTC would be 50% (75% in case of projects coming up in aspirational districts) in case of brownfield projects and 75% in case of greenfield projects.

8) Credit Guarantee Scheme for MFIs:

  • To provide guarantee coverage to Scheduled Commercial Banks and AIFIs for the funding provided by them to NBFC-MFIs or MFIs for on lending to eligible small borrowers.

9) Loan Guarantee Scheme for the Covid affected Tourism Service Sector (LGSCATSS):

  • To provide guarantee coverage for loans provided by Scheduled Commercial Banks to registered Tourist Guides (recognized/ approved by M/o Tourism and State Govts/ UT Administrations) and Travel & Tourism Stakeholders recognized/ approved by the Ministry of Tourism, Govt. of India, to discharge liabilities and restart their business affected due to Covid -19 pandemic.

10) Credit Guarantee Scheme for Startups (CGSS) :

  • The objective of CGSS is to provide guarantee upto a specified limit, against credit instruments, extended by Member Institutions (MIs) to finance eligible Startups. This scheme would help provide the much needed collateral free debt funding to eligible Startups.