MSMEs play a major role in India's economic development. The majority of startups and small businesses do not have adequate collateral, and hence they are struggling to access the necessary funding. It was to fill this void that the Government of India introduced the CGTMSE scheme. With the CGTMSE scheme, it is possible to get loans in India on a collateral-free basis and expand one's entrepreneurial activity.
https://www.cgtmse.in/