Background
Subsequent to the Central Budget announcements during the year 2013-14 to set up various credit guarantee funds, a common trustee company in the name and style of National Credit Guarantee Trustee Company Ltd (NCGTC) was set up by the Department of Financial Services, Ministry of Finance, Government of India to, inter alia, to act as a common trustee company to manage and operate various credit guarantee trust funds.
NCGTC was incorporated under the Indian Companies Act, 1956 on March 28, 2014 with a paid up capital of ₹10 crore, with its registered office at 1410, 14th floor, Parinee Crescenzo, Plot No. C-38 & C-39, G-Block, Bandra Kurla Complex (BKC), Bandra East, Mumbai, Maharashtra – 400051.
