Value of approved guarantees within CGTMSE fund India FY 2015-2024

Published by Statista Research Department, Mar 7, 2025

In financial year 2024, about 1.72 million credit guarantees worth around two trillion Indian rupees were approved by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in India. This was an increase compared to over one trillion rupees in the previous year. 
CGTMSE is a joint initiative by the Government of India and the Small Industries Development Bank of India (SIDBI) which started in 2001. 115 financial institutions were member lending institutions of the trust at the end of financial year 2020.

Value of approved guarantees within Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in India from financial year 2015 to 2024 (in billion Indian rupees)

CharacteristicGuarantee value in billion Indian rupees
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Statistic: Value of approved guarantees within Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in India from financial year 2015 to 2024 (in billion Indian rupees)

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Release date

January 2025

Region

India

Survey time period

FY 2015 to FY 2024

Supplementary notes

Includes all schemes.

India's financial year begins in April and ends in March. For example, FY 2025 started in April 2024 and ends in March 2025. 

One Indian rupee is equal to 0.011 euros and 0.012 dollars (as of January 2025).

Values have been rounded for clarity.

Previous reports have been accessed for historical data.

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