Delhi Chief Minister Rekha Gupta revealed a partnership with the Central government’s lending agency to offer guarantee-free loans to small entrepreneurs in the Capital. These loans aim to stimulate economic activity and job creation. The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), established in 2000, facilitates collateral-free loans for Micro & Small Enterprises (MSEs) by providing guarantee cover to lenders.
The Chief Minister emphasized the importance of this initiative in addressing the challenges faced by small entrepreneurs in accessing loans without guarantees. The newly signed MoU with CGTMSE is expected to provide a lasting solution to this issue. Chief Minister Gupta highlighted that this collaboration will not only foster innovation but also lead to significant job opportunities, particularly benefiting women entrepreneurs.
During the 77th Republic Day event, Chief Minister Gupta outlined her government’s achievements over the past 11 months and shared plans for a progressive ‘Viksit Delhi.’ She underscored the government’s commitment to economic growth by increasing the Delhi Budget from Rs 75,000 crore to Rs 1 lakh crore. Additionally, significant investments have been allocated for infrastructure, transport, and development projects to promote the MSME sector and leverage the India-EU trade deal.
