Mutual Credit Guarantee Scheme for MSMEs Launched

Key Points

• 1Nirmala Sitharaman launched the Mutual Credit Guarantee Scheme for MSMEs.
• 2The scheme will boost MSMEs.
• 3It will facilitate loans up to 100 crore rupees to MSMEs.
• 4The loans are for the purchase of machinery or equipment without collateral.
• 5India is delivering good returns to investors.
• 6Maharashtra is developing as a hub for defence manufacturing.