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Searched Tag: msme credit scheme
January 30, 2025, 04:46 PM - 3 min read
The scheme would provide 60 per cent guarantee coverage by National Credit Guarantee Trustee Company Limited (NCGTC) to member lending institutions (MLIs) for credit facility upto Rs 100 crore, sanctioned to eligible MSMEs under MCGS-MSME for purchase of equipment/machinery, according to the Ministry of Finance.
Read moreNovember 9, 2024, 09:41 PM - 4 min read
"The grievance, which has been there for a very long time, is that the MSMEs can get working capital from banks but they don't get term loans, loans for plant and machinery. Now the guarantee will be provided under the scheme," she explained.
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