While the loan coverage is capped at INR 100 crore, the total project cost can exceed this amount, provided at least 75 per ...

The Mutual Credit Guarantee Scheme for MSMEs is expected to facilitate the availability of credit for purchase of plant, ...

The recent launch of a credit guarantee scheme for the MSME sector, which covers loans up to Rs. 100 crore (US$ 11.6 million), is expected to attract more investments, promote manufacturing, and ...

As of the end of November 2024, credit to MSMEs registered a year-on-year growth of 13 per cent, whereas it stood at 6.1 per ...

The government of India has approved a new Mutual Credit Guarantee Scheme (MCGS) aimed at providing a financial cushion for ...

The Centre has approved the introduction of the Mutual Credit Guarantee Scheme for MSMEs (MCGS—MSME), which provides 60 per ...

The Scheme will be applicable to all loans sanctioned under MCGS-MSME during the period of 4 years from the date of issue of operational guidelines of the scheme or till cumulative guarantee of Rs. 7 ...

The government has launched a Mutual Credit Guarantee Scheme for MSMEs, offering credit guarantees for equipment purchases.

This initiative aims to strengthen the manufacturing sector by providing 60 per cent guarantee coverage for loans up to Rs ...

On January 29, the government launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) with an aim to provide 60 ...

The government has approved the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) that would facilitate loans up to Rs 100 ...

The scheme also provides a repayment period of up to eight years, with a two-year moratorium for loans up to Rs 50 crore. To ...