Centre of Financial Inclusion is established at ni-msme with the support from SIDBI and CGTMSE.

Objectives of CFI:

1. To sensitise the CGTMSE & MLIs (Member Lending Institutions) on issues faced by MSEs at the field level.
2. To create awareness on financial literacy and credit counselling to MSEs, thus helping them to better utilize the benefits of the CGTMSE Scheme.
3. To disseminate knowledge on financial prudence and tailored best practices to Progressive entrepreneurs for a better financial mechanism.
4. To develop formal and systematic credit avenues for the financially disadvantaged progressive entrepreneurs throughout their transformational journey to medium scale.

Purpose Statement

“To be Centre of Excellence in catering to MSEs needs to enhance their creditworthiness and promote Governance and financial management among MSEs through democratizing financial knowledge & best practices, inculcating financial discipline and prudence in MSEs ecosystem”.

Role of SIDBI

As principal Financial Institution for executing the triple agenda of promotion, financing and development of the MSME sector and coordination of the functions of the various Institutions engaged in similar activities.

Role of CGTMSE

To extend the support to progressive entrepreneurs who are having bankable business ideas but lack collateral security and/or third-party guarantee to access credit from formal source by helping them to provide the guarantee to enable them access credit leading to setting up viable micro and small enterprises. Thereby transforming them from job seekers to job providers and meaningfully contribute to nation building.

Role of ni-msme

Being a pioneer Entrepreneurship Development Institute, will establish a Chair in CFI and will carry out research and consultancy activities for identifying the credit gaps and need analysis for MSMEs and build the capacity of all stakeholders under CGTMSE spectrum for greater utilization of CGTMSE benefits.