Mutual Credit Guarantee Scheme for MSMEs
On 29th January 2025, the Central Government approved the Mutual Credit Guarantee Scheme for micro, small and medium enterprises (MCGS-MSMEs).
- It aims to provide 60-per cent guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC) to member lending institutions (MLIs) for credit for credit facility of up to Rs 100 crore sanctioned to eligible MSMEs for purchase of equipment/machinery.
Salient Features
- Target Borrowers: MSMEs with valid Udyam Registration Number.
- Loan Limit: Up to Rs 100 crore for purchase of equipment/machinery.
- Loan Guarantee: National Credit Guarantee Trustee Company Ltd (NCGTC) provides 60% guarantee coverage to Member Lending Institutions (MLIs).
- Project ....
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