Credit Guarantee News - Latest Updates & Headlines
MSMEs to get 60 pc credit guarantee on loans up to Rs 100 crore
New Delhi, March 18: : The Mutual Credit Guarantee Scheme for MSMEs has been launched for providing 60 per cent guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC) to Member Lending Institutions for credit facility up to Rs.100 crore sanctioned to eligible MSMEs for purchase of equipment and machinery, the Parliament was informed on Tuesday.
Centre approves scheme to boost MSME manufacturing sector
New Delhi, Jan 30: The government has approved the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) that would facilitate loans up to Rs 100 crore for purchase of plant and machinery/equipment for eligible firms.