New Delhi, Oct 8 (PTI) The Delhi government has partnered with the Credit Guarantee Fund Trust for Micro and Small Enterprises to provide collateral-free loans to small entrepreneurs, officials said on Wednesday.

Delhi Chief Minister Rekha Gupta said this partnership will mark a new chapter in Delhi’s economic growth, benefitting thousands of entrepreneurs.

Gupta said that under this scheme, small entrepreneurs will be able to access loans without having to pledge any collateral. The loan guarantee provision under this scheme is shared jointly between the Delhi Government and Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

According to the proposed guarantee structure, borrowers from different categories will be provided with guarantee coverage of up to 95 per cent

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