Govt Approves Mutual Credit Guarantee Scheme MSME Manufacturing Sector; Credit Facility Upto Rs 100 Crore
New Delhi: The central government has approved Mutual Credit Guarantee Scheme to strengthen MSME Manufacturing Sector, fulfilling the budget announcement of 2024-25. “GoI has approved introduction of Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) for providing 60% guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC) to Member Lending Institutions (MLIs) for credit…