What is the primary objective of the Mutual Credit Guarantee Scheme (MCGS-MSME) launched by the Indian government?
Easing access to credit for equipment and machinery purchases
Why in the news?
“Govt Launches ₹100 Cr Credit Guarantee Scheme to Support MSMEs”
The Mutual Credit Guarantee Scheme (MCGS-MSME) aims to enhance credit access for MSMEs, enabling them to purchase equipment and machinery without collateral. With a ₹100 crore corpus, this initiative strengthens the MSME manufacturing sector by easing financial constraints and boosting growth.
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