Government unveils Rs 100 crore credit guarantee scheme to strengthen MSME manufacturing sector

The government approved a Mutual Credit Guarantee Scheme to enhance credit availability for micro, small, and medium manufacturing sectors, under the Make in India initiative. The scheme provides 60% guarantee coverage for loans up to Rs 100 crore, aiding MSMEs in financing equipment and machinery purchases.

Government unveils Rs 100 crore credit guarantee scheme to strengthen MSME manufacturing sector

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The government approved a Mutual Credit Guarantee Scheme to enhance credit availability for micro, small, and medium manufacturing sectors, under the Make in India initiative. The scheme provides 60% guarantee coverage for loans up to Rs 100 crore, aiding MSMEs in financing equipment and machinery purchases.