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Indian government has launched a ₹100 crore Mutual Credit Guarantee Scheme

Kumari Sonali

Indian government has launched a ₹100 crore Mutual Credit Guarantee Scheme:

To bolster the micro, small, and medium enterprises (MSME) manufacturing sector, the Indian government has introduced a Mutual Credit Guarantee Scheme (MCGS-MSME) with a corpus of ₹100 crore. This initiative aims to enhance credit availability for MSMEs, facilitating the acquisition of essential equipment and machinery without the need for collateral.

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