MUMBAI, India, Aug. 1, 2025 -- The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), marking 25 years of its impactful journey, celebrated its Silver Jubilee by felicitating leading Member Lending Institutions (MLIs) for their exceptional contributions to MSME financing, credit risk management, and institutional excellence. The event, held in Mumbai, underscored CGTMSE's continued commitment to empowering India's micro and small enterprises through expanded access to collateral-free credit.
Awards were presented by Shri Manoj Mittal, Chairman, CGTMSE; Shri Prakash Kumar, DMD, SIDBI and Shri Manish Sinha, CEO, CGTMSE. The event saw active participation from senior banking leaders, including Shri Surender Rana, DMD, SBI and Shri Anindya Sunder Paul, DMD, SBI.
State Bank of India led with top honours in Guarantee Coverage (Amount) and Year-on-Year Growth. Union Bank of India and Punjab National Bank secured top positions in Guarantee Coverage (Number), while HDFC Bank stood out among private banks. Bajaj Finance, Jana Small Finance Bank, Karnataka Vikas Grameena Bank, and Saraswat Co-operative Bank were recognised as top performers in their respective categories. Awards were also presented for digital innovation and special outreach initiatives.
Among NBFCs, Bajaj Finance Ltd. secured the top spot in Guarantee Coverage (Amount), followed by Tata Motors Finance and SMFG India Credit. Other key recognitions included Bank of India for Best Digital Adoption, IndusInd Bank for outreach under the Informal Micro Enterprises (IME) provision, Punjab & Sind Bank for Fastest Growth, and Bank of Baroda for Steady Performance. Yes Bank, Indian Bank, Axis Bank, and SBI were also acknowledged for their continued support to CGTMSE's initiatives.
The celebration reaffirmed CGTMSE's ongoing mission to build a stronger credit guarantee ecosystem and support the vision of Aatmanirbhar Bharat.
About CGTMSE
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has been set up jointly by Ministry of Micro, Small & Medium Enterprises (MSME), Government of India and Small Industries Development Bank of India (SIDBI) in year 2000. CGTMSE provides guarantee cover to collateral and/or third party guarantee free credit facilities extended by eligible Member Lending Institution (MLIs) to MSEs. Having supported over 1 crore guarantees, CGTMSE has become a cornerstone of India's MSME financing ecosystem. CGTMSE has completed its 25 years and continues to empower small businesses with innovative solutions and unwavering support.
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