The government has modified the Mutual Credit Guarantee Scheme (MCGS) to support Micro, Small, and Medium Enterprises (MSMEs), Manufacturers, and Exporters, in line with the 2025-26 budget.The scheme provides a 60% guarantee coverage by the National Credit Guarantee Trustee Company Limited...
New Delhi, March 21 The Ministry of Finance said on Saturday that the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) has been modified to support manufacturers and exporters, allowing a 5 per cent upfront contribution in installments after the fourth year.According to the revised scheme...
credit guarantee
equipment financing
export credit guarantee
financial sector
gdp
india
manufacturing sector
micro small and medium enterprises
ministry of finance
msme financing
mutual credit guarantee scheme msme
ncgtc
plant and machinery
viksit bharat 2047
Mumbai, March 20 The government on Friday approved a limited-period Rs 20,000-crore credit guarantee scheme to aid microfinance institutions (MFIs), which have been complaining about difficulties in accessing funds.The Credit Guarantee Scheme for Microfinance Institutions- 2.0 (CGSMFI-2.0)...