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 |