Member lending institutions under CGTMSE India FY 2024, by guarantees count

Published by Statista Research Department, Mar 7, 2025

In the financial year 2024, Punjab National bank was the leading member lending institution under the Credit Guarantee Scheme (CGS-I) of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in terms of number of approved guarantees standing at more than 307 thousand. It was followed by Union Bank of India. 
CGTMSE is a joint initiative by the Government of India and the Small Industries Development Bank of India (SIDBI) which started in 2001. 321 financial institutions were member lending institutions of the trust at the end of financial year 2022.

Leading banks under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in India during financial year 2024, by guarantees count

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Release date

January 2025

Region

India

Survey time period

FY 2024

Supplementary notes

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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