FM launches Mutual Credit Guarantee Scheme for MSMEs for facilitating loans upto Rs 100 crore

Union Finance and Corporate Affairs Minister Nirmala Sitharaman has launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS - MSME) for facilitating loans upto Rs 100 crore to MSMEs for purchase of machinery or equipment without collateral, in pursuance of the Union Budget 2024-25 announcement.

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