The Credit Guarantee Trust Fund for Small and Medium Enterprises (CGTSME) is a vital initiative that supports the growth of small and medium-sized enterprises (SMEs) by providing them with access to credit facilities. Under the CGTSME program, financial institutions are encouraged to extend credit to SMEs, and in return, the government offers a credit guarantee to cover a portion of the loan amount. This guarantee mitigates the risk for lenders and encourages them to provide financing to SMEs that might otherwise struggle to secure loans.