The Indian government has unveiled a new credit guarantee scheme designed to provide collateral-free loans up to ₹100 crore to Micro, Small, and Medium Enterprises (MSMEs). This initiative aims to facilitate capital investment in the manufacturing sector, enabling MSMEs to acquire machinery and
In a significant move to bolster rural credit, the government has increased the limit for collateral-free agriculture loans from ₹1.6 lakh to ₹2 lakh. The decision aims to enhance access to institutional credit for farmers and reduce their dependence on informal sources of finance. New Credit Limit to Benefit Farmers The revised credit ceiling is […]
Union Finance Minister Nirmala Sitharaman announced on Saturday that India’s Micro, Small, and Medium Enterprises (MSMEs) will soon have access to collateral-free loans of up to Rs 100 crore, enabled by a new credit assessment model developed by public sector banks. Speaking at the National MSME Cluster Outreach Programme in Bengaluru, she highlighted the initiative […]