Small Business Lending 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.