New Delhi, March 23 -- The Central Government has modified the Mutual Credit Guarantee Scheme (MCGS) for MSMEs to enhance credit access and support manufacturing and export growth, in line with the roadmap outlined in the Union Budget 2025 26.
According to the Ministry of Finance, the revised guidelines aim to make the scheme more flexible and responsive to industry needs by incorporating feedback from MSMEs and lending institutions, reported ANI.
Key Revisions for Credit Access
The changes are expected to improve access to finance for the purchase of plant and machinery, thereby strengthening capacity expansion in the sector.
A key revision includes the expansion of the schemes coverage to MSMEs in the services sector. The minimum ...