NCGI Issues 2,000 Collateral-Free Guarantees Exceeding Rs. 14 Bn 📈

The National Credit Guarantee Institution (NCGI) has rapidly expanded its support for Sri Lankan micro, small, and medium enterprises (MSMEs) facing severe financing constraints due to conventional collateral requirements. • Overall Coverage: Issued 2,000 collateral-free loan guarantees totaling more than Rs. 14 Bn within a span of 15 months, according to provisional operational data. • Guarantee Mechanism: Provides partial credit guarantees (up to 67% for standard loans and up to 80% under specialized sub-schemes) to mitigate lending risks for its 13 shareholder financial institutions. • Strategic Focus: Directs uncollateralized capital primarily into crucial economic drivers such as agriculture, tourism, information technology (IT), and exports, with an emphasis on financial inclusion for women-owned enterprises. _Note: Summarized based on provisional institutional progress updates._