Jan 29, 2025 · The Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) is expected to facilitate the availability of credit for purchase of Plant and Machinery / Equipment by MSMEs and give a major boost to manufacturing and thereby to Make in India.

3 days ago · Financial Inclusion for MSMEs: The Mutual Credit Guarantee Scheme (MCGS) for MSMEs announced in the July budget last year was launched by Finance Minister Nirmala Sitharaman on Monday. The scheme ...

4 days ago · The Centre on Monday launched the ‘Mutual Credit Guarantee Scheme for MSMEs’, which was announced in the Union Budget 2025-26 to boost the micro, small, and medium enterprises. The scheme facilitates collateral-free loans to MSMEs by providing loans up to Rs 100 crore for the purchase of plant, machinery, or equipment.

Jan 30, 2025 · Centre has approved the Mutual Credit Guarantee Scheme, announced in the Budget 2024-25, to enhance credit access for MSME manufacturing. Under this scheme, loans of up to Rs 100 crore for plant...

Jan 29, 2025 · The scheme provides 60% guarantee coverage through the National Credit Guarantee Trustee Company to Member Lending Institutions for credit facilities up to ₹100 crore.

4 days ago · The Mutual Credit Guarantee Scheme for MSMEs will be facilitating collateral-free loans up to Rs 100 crore for purchasing machinery or equipment. The scheme, with a 60% guarantee coverage by NCGTC, aims to boost the manufacturing sector and ease credit availability for MSMEs in India. Here is a quick FAQ on the scheme:

Jan 29, 2025 · The government has approved the Mutual Credit Guarantee Scheme for MSMEs, guaranteeing loans up to ₹100 crore. This scheme aims to provide collateral-free loans to MSMEs for purchasing equipment and machinery, promoting manufacturing growth.

Jan 29, 2025 · To enhance manufacturing, the government introduces a Mutual Credit Guarantee Scheme for MSMEs, providing 60% guarantee coverage by NCGTC for credit facilities up to Rs 100 crore.

Jan 29, 2025 · The Centre on Wednesday approved the Mutual Credit Guarantee Scheme to give a fillip to manufacturing by micro, small & medium enterprises (MSMEs), fulfilling a promise made in the previous budget and just days ahead of Union Budget 2025.

4 days ago · Mumbai: Union Finance Minister Nirmala Sitharaman on Monday launched the Mutual Credit Guarantee Scheme for MSMEs, a key initiative announced in the Union Budget 2024-25 to support micro, small ...