India Launches Mutual Credit Guarantee Scheme to Strengthen MSMEs
The Indian government has introduced the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) to bolster the Micro, Small, and Medium Enterprises (MSME) sector. This initiative aligns with the fiscal year 2024-25 budget and aims to facilitate credit access for the manufacturing sector, enabling MSMEs to purchase essential equipment and machinery for growth. Under this scheme, … Read more