New credit guarantee scheme for MSMEs to boost investment, manufacturing, exports: Exporters

Q: How long will it take to read this news story?

The story "New credit guarantee scheme for MSMEs to boost investment, manufacturing, exports: Exporters" has 1177 words across 26 sentences, which will take approximately 5 - 10 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "New credit guarantee scheme for MSMEs to boost investment, manufacturing, exports: Exporters" was covered 15 hours ago by Economic Times, a news publisher based in India.

Q: How trustworthy is 'Economic Times' news outlet?

Economic Times is a fully independent (privately-owned) news outlet established in 1961 that covers mostly business news. The outlet is headquartered in India and publishes an average of 12 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25620705</li><li>URL: https://chronographically.beamstart.com/news/new-credit-guarantee-scheme-for-17382184271039</li></ul>

Economic Times Logo Economic Times 15h ago

New credit guarantee scheme for MSMEs to boost investment, manufacturing, exports: Exporters - Economic Times

Quick Summary:

On January 29, the government launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS- MSME) with an aim to provide 60 per cent guarantee coverage by National Credit Guarantee Trustee Company Ltd (NCGTC) to Member Lending Institutions (MLIs) for credit facility of up to Rs 100 crore sanctioned to eligible MSMEs for purchase of equipment/machinery, the finance ministry said in a statement.

ETMarkets Smart Talk: Budget 2025 must prioritize consumption, infrastructure, and human capital, says Kedar KadamMcDonald’s to set up its first GCC in IndiaAmeesha Patel reacts to fans playing matchmaker for her and ' Yeh Hai Jalwa' co-star Salman Khan: 'I am ready since long'Hitachi Energy shares lock at 20% upper circuit after 6-fold growth in Q3 profitWashington Plane Crash: How does an advanced military helicopter crash into a passenger plane, just miles away from Pentagon?

"Given India's focus to boost manufacturing and the current realignment of the global supply chain, this policy of providing credit to MSMEs would be a big enabler in their integration into global value chains," he said.