Union Budget 2024: Government to launch credit guarantee scheme for MSMEs, reduces turnover threshold for TReDS onboarding

The government announces a credit guarantee scheme for MSMEs, reduction in turnover threshold for TReDS platform, and opening of 24 new SIDBI branches in the Union Budget. A significant allocation of Rs 2.66 lakh crore for rural development is also highlighted.

Union Budget 2024: Government to launch credit guarantee scheme for MSMEs, reduces turnover threshold for TReDS onboarding

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The government announces a credit guarantee scheme for MSMEs, reduction in turnover threshold for TReDS platform, and opening of 24 new SIDBI branches in the Union Budget. A significant allocation of Rs 2.66 lakh crore for rural development is also highlighted.