National Credit Guarantee Trustee Company Ltd (NCGTC) is a private limited company incorporated under the Companies Act 1956 on March 28, 2014. Its main objective is to play a developmental role in supporting the country’s economic development agenda by assisting students & enterprises in obtaining finance from the member lending institutions. NCGTC facilitates access to financing through the guarantee schemes under its management.
NCGTC is envisaged to provide credit guarantee to Member Lending Institutions(MLIs) for their loans in the areas of Education loans (to encourage more and higher education for the youth, especially those who cannot afford it); Vocational Skill Development Loans (to enhance the skill level of our workers / enable poor students to acquire skill sets for better productivity); Factored debt (to help MSMEs overcome the problems of delayed payments), and any other guarantee as may be decided by the Govt.
The NCGTC Fund Architecture Model
# SIDBI is implementing the Poorest States Inclusive Growth Programme (PSIG Programme), funded by UKAid from the Department for International Development (DFID),U.K. The Programme, with a duration of 6 years from April 2012, aims to improve access for poor, mainly women, to a variety of financial services in the 4 low income states viz., Bihar, Orissa, Madhya Pradesh and Uttar Pradesh. NCGTC manages two collaterized funds under the Programme.