National Credit Guarantee Trustee Company Ltd [NCGTC] was set up by the Department of Financial Services, Ministry of Finance, Government of India incorporated under the Companies Act 1956 on March 28, 2014. NCGTC, inter alia, act as a common trustee company to manage and operate various credit guarantee trust funds. At present, there are five dedicated credit guarantee Trusts under the Management of NCGTC viz. Credit Guarantee Fund Scheme for Educational Loans (CGFEL), Credit Guarantee Fund Scheme for Skill Development (CGFSD), Credit Guarantee Fund Scheme for Factoring (CGFF), Credit Guarantee Fund for Micro Units (CGFMU) and Credit Guarantee Fund for Stand Up India (CGFSI) with a combined corpus of ₹ 13,000 crore.
The idea of common trustee company to manage above five multiple guarantee trust funds by NCGTC was intended to achieve operational efficiencies and economies of scale through sharing of combined resources such as technology, premises, manpower, risk management solutions and other support services. It also serves as a part of larger financial inclusion of the government, covering different cross-sections and segments of economy like students, micro entrepreneurs, women entrepreneurs SMEs, Skill and vocational training needs etc.
The brief information of the Trust Funds managed by NCGTC is as under:
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