Mumbai, October 29, 2026: The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) held its MLI Felicitation Ceremony 2026 in Mumbai, recognising Member Lending Institutions (MLIs) for their contributions to expanding collateral-free credit to Micro and Small Enterprises (MSEs).
The event brought together senior executives from banks and lending institutions, and was inaugurated by Manoj Mittal, Chairman of CGTMSE and Chairman and Managing Director of SIDBI. Mittal highlighted the role of the credit guarantee mechanism in enabling inclusive credit growth and supporting financial inclusion for entrepreneurs lacking adequate collateral.
Recognition for top-performing institutions
The ceremony celebrated lending institutions for outstanding performance in categories such as guarantee amount, number of guarantees, support to women entrepreneurs, outreach in geographically disadvantaged areas, and adoption of new guarantee schemes.
State Bank of India received the highest number of awards among public sector banks, followed by Punjab National Bank, Bank of Baroda, Central Bank of India, Canara Bank, Bank of India, and UCO Bank. In the private sector, HDFC Bank Ltd. led the award tally, with ICICI Bank Ltd., IndusInd Bank Ltd., Axis Bank Ltd., and Kotak Mahindra Bank Ltd. also recognised. Among NBFCs, Bajaj Finance Limited, TATA Capital Ltd., Aditya Birla Capital Ltd., Kisetsu Finance Pvt. Ltd., Clix Capital Service Pvt Ltd., Epimoney Pvt. Ltd., and Cholamandalam Investment and Finance Company Ltd. were honoured in various categories.
CGTMSE launches corporate video and international newsletter
During the event, CGTMSE launched a corporate video marking its 25-year journey and policy changes aimed at simplifying the guarantee process. The Trust also announced the launch of its first international newsletter, intended to share updates on policies and events with global guarantee organisations and promote knowledge-sharing within the international guarantee community.
Leadership addresses and closing remarks
Manish Sinha, CEO of CGTMSE, delivered the welcome address, emphasising the importance of partnerships with MLIs in expanding the Credit Guarantee Scheme and supporting entrepreneurship nationwide. The Deputy Managing Directors of SIDBI and SBI, along with other senior leaders, addressed the gathering and acknowledged CGTMSE’s role in facilitating collateral-free loans to micro and small entrepreneurs.
The ceremony concluded with a vote of thanks from T.S. Ajith, General Manager, who reaffirmed CGTMSE’s commitment to working with its Member Lending Institutions to broaden credit outreach and strengthen the MSE financing ecosystem.
SIDBI background
SIDBI, established in 1990, is engaged in the development of MSMEs across India through credit and developmental initiatives, impacting a broad spectrum of micro, small, and medium enterprises.
Disclaimer: This article is based on a press release provided by the concerned organisation and has been edited for style and clarity with the assistance of AI tools. BusinessFortnight does not verify, endorse, or take responsibility for the claims, figures, or statements made in the original release.
