New Delhi, March 21 (IANS) The Centre, on Saturday, introduced major modifications to the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), aimed at improving credit access and supporting growth in the micro, small and medium enterprises sector, the Ministry of Finance said.Launched in January 2025, the scheme provides 60 per cent guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC) to member lending institutions for loans of up to Rs 100 crore extended to elig…
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New Delhi, March 21 (IANS) Approximately 36 lakh borrowers are estimated to benefit from the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), the government said on Saturday.The scheme aims to provide guarantee cover to banks/FIs through National Credit Guarantee Trustee Company Limited (NCGTC) against expected losses on the financial assistance extended by them to Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) and MFIs for on lending to small borrower…
New Delhi, Jan 1 (IANS) Under the Credit Guarantee Scheme for Exporters (CGSE), 1,788 applications amounting to Rs 8,599 crore have been received till December 31, out of which a total of 716 applications have been sanctioned amounting to Rs 3,141 crore, which reflects a strong confidence among exporters and MSMEs, the government said on Thursday.CGSE scheme is open till March 31, 2026 or until guarantees of value upto Rs 20,000 crore are issued. The scheme is being implemented by Department of …