The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) recently hosted the Global Symposium on Credit Guarantee & 38th Annual Conference of the Asian Credit Supplementation Institution Confederation (ACSIC) in Mumbai. The two-day event was organised as part of its Silver Jubilee celebrations.
The event highlighted the evolving role of credit guarantee systems in fostering inclusive growth, strengthening financial ecosystems and enabling resilient Micro and Small Enterprises (MSEs).
Rajneesh, IAS, Additional Secretary & Development Commissioner, Ministry of MSME, Government of India, highlighted the strategic importance of credit guarantee mechanisms in catalysing credit flow to underserved segments. He emphasised the government’s continued commitment to strengthening the MSME ecosystem through progressive reforms, improved ease of doing business, and enhanced financial inclusion.
“The critical role of credit guarantee frameworks in addressing the persistent challenge of collateral constraints and enabling broader access to formal finance,” he said.
The Symposium brought together a distinguished global gathering with participation from over 19 countries and 26 leading organisations, including policymakers, credit guarantee institutions, financial sector leaders and international experts, reinforcing the importance of global cooperation and knowledge exchange in advancing credit guarantee frameworks.
The discussions also explored emerging dimensions such as digital transformation, data-driven and AI-enabled credit guarantee models, and the evolving role of guarantee institutions in supporting government schemes and navigating global economic uncertainties.
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was founded in July 2000 jointly by the Ministry of MSME (MoMSME) and Small Industries Development Bank of India (SIDBI), with the objective of guaranteeing collateral and third party guarantee free credit facilities to boost the flow of credit to the Micro and Small Enterprises (MSE) sector in India.
