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

Last Updated : Feb 18 2025 | 12:50 PM IST

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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