India, March 21 -- The Government of India has issued a release:
Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) was launched in January 2025. The scheme provides 60% guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC) to Member Lending Institutions (MLIs) for credit facility upto Rs. 100 crore sanctioned to eligible Micro, Small and Medium Enterprises (MSMEs) under MCGS-MSME for purchase of equipment/ machinery.
Based on the feedback received from the MSMEs and lending institutions, some modifications have been done.
Modifications in the existing "MCGS-MSME" scheme:
Special provisions have been incorporated in the scheme for exporters:
Details of the modified scheme are available on www.ncgtc.in (NCGT...