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Cabinet Approves Credit Guarantee Scheme for Exporters Why in the News ? The Union Cabinet has approved a Credit Guarantee Scheme for Exporters under the Export Promotion Mission (EPM). Prime Minister Narendra Modi stated that this will enhance global competitiveness, strengthen supply chains, and promote self-reliance and job creation in India’s export sector. The scheme …
Read MoreWhy 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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