[ACGS] Assam Credit Guarantee Scheme 2023 Apply Online, MSEs Application Form, Eligibility

[ACGS] Assam Credit Guarantee Scheme 2023 Apply Online, MSEs Application Form, Eligibility:-Chief Minister of Assam Himanta Biswa officially announces the special ACGS for MSEs all over the state. Under the scheme, the government provides 75 to 85% of guarantee coverage to the applicants. The scheme is implemented from the first of April 2023 and all the existing MLIs will be eligible under the ACGS scheme.

This is great news for MSEs situated in the state of Assam. The government informed that CGTMSE in collaboration with Assam has introduced a special Assam credit guarantee scheme ACGS today. If you are interested to get more information regarding the scheme and the benefit for medium and small companies under this program then definitely check out the information listed here. Will also share the eligibility, application procedure, and other details briefly.

Assam Credit Guarantee Scheme 2023 Apply Online

Ministry of micro small and medium enterprises MSME in collaboration with credit guarantee fund trust for micro and small Enterprises jointly provides 75 to 85 guarantee coverage for the loan facility under the scheme. Chief Minister Himanta Biswa signed an agreement For MSMEe in which the mentioned that cooperation with CGTMSE helps to provide extra green tea coverage for loans.

Assam Credit Guarantee Scheme
Assam Credit Guarantee Scheme

For the hundred percent coverage under the credit guarantee scheme, all the terms and conditions are applicable under CGS-1 for bands and CGS-II for NBFCs. Along with this ACGS is under mutatis mutandis.

Scheme Name Credit Guarantee Scheme
State Assam
Launched By CM Himanta Biswa
Category Assam Govt. Schemes
Official Website Click Here
Starting Date 1 April 2023

Eligibility Criteria For Credit Guarantee Scheme

  • The applicant should be a permanent resident of Assam state only.
  • All MSME s entrepreneurs are eligible to get the credit guarantee loan under the scheme.
  • The scheme is applicable from the first of April 2023.
  • Under the scheme, the existing MLIs shall be eligible.

Documents Required For ACGS Application

  • Identity proof
  • Aadhar card
  • Company register certificate
  • Loan details certificate
  • Passport size photograph
  • Mobile number
Benefits Of ACGS
  • The government provides 75 to 85% of guarantee coverage to the applicants.
  • The remaining 25 and 15% coverage shall be covered by the state government.
  • ACGS meet the financial need of MSEs in The Assam state.
  • This is a great initiative for medium and small businesses in the Assam state.
  • ACGS help to provide extra guarantee coverage for loans provided by Institutions to MSME in Assam.
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Credit Guarantee Scheme Assam Application Form 2023

ACGS launch by the Chief Minister on 10 June 2023 for all the MSMEs in Assam state. MSEs located in North East regions like Sikkim, UT of Jammu and Kashmir, and UT Ladakh are the main States which can avail the benefit of this credit guarantee scheme. CGTMSE helps the government to provide this grant to the micro and small enterprises in the state and finally, these entrepreneurs will become job providers and also give their great contribution in nation building. This ACGS help them to bed their micro and small Enterprises business and also helps in setting up.

So if you are also looking for credit to establish your company then this scheme will definitely help you. The government provides the maximum coverage of up to 5 lakh and up to 50 lakh.  The person with disabilities women Enterprises SC ST Enterprises mSc situated in the aspirational district and Msc promoted by Agni Veers will get the credit guarantee facility up to 85% coverage. The state government will soon release the official portal under which all the applicants can easily apply for the credit guarantee scheme and fill out their application forms. After that, you can complete your registration and apply for the credit guarantee under the Assam scheme.


How to apply for coverage under a credit guarantee scheme?

The applicant can apply online on the official portal.

How I can get an MSME loan?

To get the loan facility you should be an entrepreneur and your turnover should not exceed more than 50 crore for the small business and for the medium business, it should not exceed Rs 250 crore only.

Who launched the credit guarantee scheme?

This scheme was introduced by the government of India to help micro and small Enterprises.

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