New Delhi, Oct. 8 -- In a step to empower the micro and small enterprises, the Delhi government has partnered with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to empower the small businesses and new entrepreneurs.
The collaboration will help small entrepreneurs access loans without collateral while reducing risks for the banks.
According to Chief Minister Rekha Gupta, this partnership will mark a new chapter in Delhi's economic growth, benefitting thousands of entrepreneurs.
CM said that under this scheme, small entrepreneurs will be able to access loans without pledging any collateral, and the loan guarantee provision under this initiative is shared jointly between the state government and CGTMSE.
According...