Under the scheme, the National Credit Guarantee Trustee Company Limited (NCGTC) will offer a 60% guarantee coverage to Member Lending Institutions (MLIs) for credit facilities extended to MSMEs.

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

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 ...

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

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 ...

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

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

The government has approved the Mutual Credit Guarantee Scheme for MSMEs, guaranteeing loans up to ₹100 crore. This scheme ...

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

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

The government approved a Mutual Credit Guarantee Scheme to enhance credit availability for micro, small, and medium ...

To enhance manufacturing, the government introduces a Mutual Credit Guarantee Scheme for MSMEs, providing 60% guarantee ...