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31Jan 2025
Mutual Credit Guarantee Scheme Enhances Financial Support for MSMEs
Why in the news? The government introduced the Mutual Credit Guarantee Scheme to provide loan guarantees up to ₹100 crore for MSMEs, supporting equipment purchases and fostering growth, technological advancement, and industrial development in small and medium businesses. About Mutual Credit Guarantee Scheme (MCGS-MSMEs): The Mutual Credit Guarantee Scheme (MCGS-MSMEs) is a newly launched initiative …
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