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MCGS for MSMEs
February 21 , 2025
10 hrs 0 min
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- The Centre launched the ‘Mutual Credit Guarantee Scheme for MSMEs’.
- It was announced in the Union Budget 2025-26 to boost the micro, small, and medium enterprises.
- The scheme facilitates collateral-free loans to MSMEs by providing loans up to Rs 100 crore for the purchase of plant, machinery, or equipment.
- The scheme would provide 60 per cent guarantee coverage by the National Credit Guarantee Trustee Company Ltd (NCGTC) to member lending institutions (MLIs) for a credit facility up to Rs 100 crores.
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