ACGA- ALEAP Credit Guarantee Association

ALEAP Credit Guarantee Association (ACGA)

ALEAP has branched out a new initiative,ALEAP Credit Guarantee Association (ACGA), to help and support entrepreneurs financially by facilitating access to Govt. schemes and Bank finance (PMEGP, MUDRA, CGTMSE, etc.) without collateral security in the states of Telangana and Andhra Pradesh. Over 9,000 women entrepreneurs have benefited from this initiative.

MAIN OBJECTIVES OF ALEAP CREDIT GUARANTEE ASSOCIATION (ACGA)

  • Assisting budding entrepreneurs in project preparation
  • Educating entrepreneurs in understanding the backward and forward linkages required for their enterprises
  • Preliminary market survey, likely competition, for their proposed products, services, etc
  • Assisting in mapping market potential along the lines of project investment
  • Educating entrepreneurs in studying and understanding the technical feasibility and economic viability
  • Understanding financial management, studying financial statements like profit & loss, balance sheets, cash flow, etc.
  • Forwarding entrepreneur’s project report along with our detailed recommendation letter to the bank for loan sanctions
  • Following-up continuously until loan sanction is accorded/ loan is approved
  • Aiding in the successful functioning of the enterprises and hand-holding support at various stages and areas

Few Members who have availed financial assistance during the year 2020-21:

Sno. Name of the Entrepreneur & Enterprise Scheme Scheme
1 Ms. A.Kavitha,
M/S.Hariram Pharma Solutions
Stand Up India
2 Ms. Samitha Ballurkar
M/s. SS Food processing Industries
CGT MSME
3 Ms. Indira Priyadarshini
M/s. Pundari In House
Homemade pickles
PMEGP

Total Financial Assistance under ACGA since incorporation: 500 + women entrepreneurs.

Current Events


ALEAP conducted a ZED program whose objective was to improve the manufacturing quality of MSMEs, enhance their productivity and reduce the negative impact on the environment.
The ZED Certification envisages the promotion of Zero Defect Zero Effect (ZED) practices among MSMEs so as to:
  • Encourage and enable MSMEs for manufacturing quality products using the latest technology, and tools & to constantly upgrade their processes for the achievement of high quality and high productivity with the least effect on the environment
  • Develop an Ecosystem for ZED Manufacturing in MSMEs, for enhancing competitiveness and enabling exports
  • Promote the adoption of ZED practices and recognize the efforts of successful MSMEs
  • Encourage MSMEs to achieve higher ZED Certification levels through graded incentives
  • Increase public awareness of demanding Zero Defect and Zero Effect products through the MSME Sustainable (ZED) Certification
  • Identify areas to improve upon, thereby assisting the Government in policy decisions and investment prioritization

Visit of Shri Bhanu Pratap Singh Verma, the Hon’ble Minister of State, MSME, GoI
Dr. S. Glory Swarupa, Director General, National Institute for Micro, Small and Medium Enterprises (NI MSME)
Mr. Shashi Ranjan Verma, Deputy Director, Khadi and Village Industries Commission (KVIC) to Atal Incubation Center (We-Hub); Center for Entrepreneurship Development at ALEAP and Launch of Innovative products of start-ups promoted by AIC ALEAP We-Hub