How can MSMEs access loans up to ₹1 crore without collateral? A complete guide
1 month ago

How can MSMEs access loans up to ₹1 crore without collateral? A complete guide

Live Mint  

Economic success and creation of new jobs alongside innovation and growth stems from micro small and medium-sized enterprises. A collateral-free MSME loan is an unsecured business loan which supports micro small and medium companies by dispensing with requirements for security in the form of real estate equipment or inventory. Key benefits of collateral free MSME loan MSMEs do not need to provide collateral as they can obtain funding without needing to pledge personal or business assets. MSMEs benefit from flexible loan terms because they can access loans of various amounts combined with reasonable interest rates and payback schedules tailored to their needs. Pradhan Mantri MUDRA Yojana provides unsecured business loans worth up to ₹ 10 lakh to MSMEs together with professionals and individuals under its program.

Small Business Loans Loan Business Loans Crore Msme Msmes Collateral  collateral  lakhs  msmes  program  guide  msme  access  crore  loan  loans  complete  small  business

History of this topic

PMEGP MSME Loans Drop 45% in FY25
1 month, 2 weeks ago

PMEGP MSME Loans Drop 45% in FY25

Deccan Chronicle  

Chennai: The loans sanctioned for MSMEs under Prime Minister’s Employment Generation Programme is down by 45 per cent and those already released are down by 60 per cent till February in FY25 against the previous year. Under PMEGP, MSMEs got 70,090 loans sanctioned in FY25 till February against 1,26,376 loans in FY24 – down by 45 per cent. Due to …

Budget announces wider definition for MSMEs, enhanced credit flow
1 month, 3 weeks ago

Budget announces wider definition for MSMEs, enhanced credit flow

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Saturday proposed a wider definition of micro, small and medium enterprises and outlined a number of initiatives to increase credit flows amid a budget focus on helping smaller businesses. “To help them achieve higher efficiencies of scale, technological upgradation and better access to capital, the investment and turnover limits for classification of all …

5 popular government loan schemes for small scale businesses in 2025
1 month, 3 weeks ago

5 popular government loan schemes for small scale businesses in 2025

Live Mint  

Small industries contribute a significant portion to the Indian economy and provide a major source of employment in the country. Top government loan schemes for small businesses in 2025 Credit Guarantee Scheme for Micro and Small Enterprises CGSMSE scheme offers collateral-free credit to the micro and small enterprise sectors. Pradhan Mantri Mudra Yojana Pradhan Mantri Mudra Yojana is a flagship …

Non-bank lenders form priority sector lenders’ body to plug MSME loan shortfall
2 months ago

Non-bank lenders form priority sector lenders’ body to plug MSME loan shortfall

Live Mint  

The Priority Sector Lenders Association of India as it is called has been set up under the aegis of Indian Software Product Industry Round Table, a non-profit think tank, to solve the issue of credit shortfall to small businesses. The Reserve Bank of India, through its priority sector lending programme, ensures that banks extend credit to the vulnerable groups and …

Government to soon launch new credit guarantee scheme for MSME sector up to ₹100 crore
2 months, 2 weeks ago

Government to soon launch new credit guarantee scheme for MSME sector up to ₹100 crore

The Hindu  

Financial Services Secretary M Nagaraju on Thursday said the government would soon launch a new credit guarantee scheme for the MSME sector covering loans up to ₹100 crore. "We are likely to come up with a scheme, which was announced by Finance Minister in her last Budget, that could provide loans up to ₹100 crore without guarantee, if they are …

Top 10 MSME Loan Schemes in India for Growth and Expansion
2 months, 2 weeks ago

Top 10 MSME Loan Schemes in India for Growth and Expansion

India TV News  

Substantial steps have been taken by the Indian government and financial institutions to provide adequate loans for micro, small, and medium enterprises to foster growth without interruption. 3. Credit Guarantee Fund Scheme for Micro and Small Enterprises Small businesses often lack collateral when applying for loans, making them considered high-risk borrowers, which can result in loan application denials. To assist, …

High interest rates big deterrent for MSME exporte​rs; working with finmin on this: DGFT
3 months ago

High interest rates big deterrent for MSME exporte​rs; working with finmin on this: DGFT

Live Mint  

New Delhi, Dec 18 The country's high interest rates are a big deterrent for exporters community and the commerce ministry is working with its finance counterpart to help them at this front, a senior government official said on Wednesday. Director General of Foreign Trade Santosh Kumar Sarangi said that the department of commerce has been "struggling" to convince the finance …

Govt open to exploring alternative financing models for MSMEs: Piyush Goyal
3 months, 2 weeks ago

Govt open to exploring alternative financing models for MSMEs: Piyush Goyal

Live Mint  

Commerce and industry minister Piyush Goyal on Thursday said the government is open to offering concessional rates for micro, small, and medium enterprises setting up businesses in industrial townships across the country. Speaking at an event organized by industry body Assocham, Goyal emphasized the government's efforts to simplify business processes, reduce compliance burdens, decriminalize laws, and create a supportive environment …

India: Govt Plans New Financing for MSMEs
3 months, 2 weeks ago

India: Govt Plans New Financing for MSMEs

Deccan Chronicle  

New Delhi: The Modi-led NDA government is open to exploring some alternate financing models for micro, small, and medium enterprises where the concerned ministry can earmark particular areas in the proposed industrial townships for the MSMEs. The statement of the government comes at a time when small business houses in the country are reportedly facing specific issues in accessing bank …

India: MSMEs Need Boost in Credit Access: Assocham
3 months, 3 weeks ago

India: MSMEs Need Boost in Credit Access: Assocham

Deccan Chronicle  

New Delhi: In order to boost credit access for small and medium businesses in the country, India Inc on Thursday called for enhancing the role of banks and other financial institutions to reach them and address their challenges. Leading industry body Assocham in collaboration with Egrow Foundation, conducted an in-depth study on 'MSMEs facing challenges with a quantitative data of …

Nirmala Sitharaman Announces Game-Changing Collateral-Free Loan Scheme for MSMEs
4 months, 1 week ago

Nirmala Sitharaman Announces Game-Changing Collateral-Free Loan Scheme for MSMEs

ABP News  

The Central Government is continuously working to enhance business opportunities across the country. In this regard, the government is soon set to launch a collateral-free term loan scheme for Micro, Small, and Medium Enterprises. Finance Minister Nirmala Sitharaman announced this at the National MSME Cluster Outreach Program in Bangalore. She highlighted that this new credit guarantee scheme will be a …

Nirmala Sitharaman Says MSMEs Will Get Collateral Free Loans Of Up To Rs 100 Crore Via New Credit Model
Trending News
4 months, 1 week ago

Nirmala Sitharaman Says MSMEs Will Get Collateral Free Loans Of Up To Rs 100 Crore Via New Credit Model

ABP News  

Union Finance Minister, Nirmala Sitharaman, on Saturday said that a new credit assessment model by public sector banks will be rolled out soon. This model will help the Ministry of Micro, Small and Medium Enterprises get collateral-free loans of up to Rs 100 crore. Speaking at the National MSME Cluster Outreach Programme in Bengaluru, the FM said that the problems …

Centre to launch collateral-free loan schemes for MSMEs: Nirmala Sitharaman
4 months, 1 week ago

Centre to launch collateral-free loan schemes for MSMEs: Nirmala Sitharaman

New Indian Express  

BENGALURU: The Union Government will provide up to Rs 100 crore collateral-free loans to Micro, Small and Medium Enterprises under a new special credit guarantee scheme, Union Finance Minister Nirmala Sitharaman announced, highlighting that the move is in response to long-standing challenges in securing funding, especially for term loans required for plant and machinery. The FM also revealed plans for …

Centre to launch collateral-free term loans scheme for MSMEs, says FM Sitharaman
4 months, 2 weeks ago

Centre to launch collateral-free term loans scheme for MSMEs, says FM Sitharaman

Hindustan Times  

New Delhi: The government is all set to launch a collateral-free term loans scheme for micro, small and medium enterprises to boost their manufacturing capabilities, finance minister Nirmala Sitharaman said on Saturday, adding that the scheme will be placed before the Cabinet soon. Introduction of a new credit guarantee scheme will have to go to the Cabinet “sooner” which will …

‘MSMEs took ₹999 cr. from NSIC VC Fund till July’
6 months, 1 week ago

‘MSMEs took ₹999 cr. from NSIC VC Fund till July’

The Hindu  

Micro, small and medium enterprises have taken ₹999 crore investments till July this year from the NSIC Venture Capital Fund, which has a corpus of ₹10,000 crore as ‘mother fund’, according to the National Small Industries Corporation. P. Ravi Kumar, chief general manager of the National Small Industries Corporation, said in Coimbatore on Tuesday that as part of the Self-Reliant …

MSMEs still out of mainstream institutional credit, shows survey
7 months ago

MSMEs still out of mainstream institutional credit, shows survey

Deccan Chronicle  

Hyderabad: In a downturn when tighter monetary conditions affect governments and companies, small and medium sized businesses bear brunt as the resultant delay in bill payments squeezes these enterprises financially. Though several measures were taken by the government and the Reserve Bank of India, micro, small and medium scale enterprises are perennially starved of institutional credit. Though the government has …

Budget Opens More Avenues of Credit For MSMEs
7 months, 3 weeks ago

Budget Opens More Avenues of Credit For MSMEs

Deccan Chronicle  

Chennai: Realising their potential in job creation, the Budget has formulated a package for MSMEs providing credit guarantees, new assessment criteria, and support during times of stress to spur growth and improve their competitiveness. The government has proposed a Credit Guarantee Scheme for MSMEs in the manufacturing sector, which will facilitate term loans to MSMEs for the purchase of machinery …

MUDRA loan limit hike, credit guarantee scheme for MSMEs
7 months, 3 weeks ago

MUDRA loan limit hike, credit guarantee scheme for MSMEs

New Indian Express  

NEW DELHI: In their efforts to revitalise the ailing MSME sector, the backbone of the Indian economy and creator of crores of jobs, the NDA government has come up with a slew of reforms. Finance Minister Nirmala Sitharaman on Tuesday informed that the government is increasing the limit for MUDRA loans for Micro, Small and Medium Enterprises from Rs 10 …

MSMEs get special attention in budget
8 months ago

MSMEs get special attention in budget

Hindustan Times  

Finance minister Nirmala Sitharaman announced a revival package for the MSME sector that will include enhanced Mudra loans of up to ₹20 lakh, a collateral-free credit guarantee scheme to help purchase machinery and equipment, and a new assessment model to help unlisted enterprises access bank credit, among other measures. Sitharaman announced that the Union Budget provides “special attention to MSMEs …

How New Mudra Loan Limit Of Rs 20 Lakh Will Support MSMEs, Who Can Avail The Scheme
8 months ago

How New Mudra Loan Limit Of Rs 20 Lakh Will Support MSMEs, Who Can Avail The Scheme

News 18  

In the Budget 2024, Micro, Small, and Medium Enterprises will now be able avail loans of up to Rs 20 lakh instead of the current Rs 10 lakh under the Mudra scheme, finance minister Nirmala Sitharaman said on Tuesday. During the interim budget presentation earlier this year, the government extended 43 crore loans aggregating to Rs 22.5 lakh crore under …

MSME data will help policy-making, finds economic survey
8 months ago

MSME data will help policy-making, finds economic survey

Deccan Chronicle  

Chennai: Improving the availability of data regarding the health of MSMEs will help policy-making, finds the Economic Survey. Updated IIP, production and employment data of MSMEs, information on credit disbursement, and industry-wise financial flows are some of them. Further, there should be information on industry-wise gross disbursement of bank credit as opposed to the data on outstanding credit currently available, …

SBI launches online quick loan solution for MSMEs
8 months, 3 weeks ago

SBI launches online quick loan solution for MSMEs

Live Mint  

Mumbai:Lender State Bank of India has unveiled a web-based digital business loans solution for MSMEs' Invoice Financing, aimed at facilitating MSME loans with a fast turn-around-time. The solution, named "MSME Sahaj - End to End Digital Invoice Financing", has been developed that will provide solutions ranging from applying the loan, documentation and disbursement of the sanctioned loan within 15 minutes, …

Tax treatment of delayed payments to micro, small businesses in for a tweak
8 months, 3 weeks ago

Tax treatment of delayed payments to micro, small businesses in for a tweak

Live Mint  

NEW DELHI : The government introduced a tax provision last year to prod large corporations into paying their micro and small enterprise vendors in time, only to hear concerns that it could backfire on the intended beneficiaries. Policymakers, however, became worried that while the provision was meant to encourage timely payments to small businesses, large companies could refuse to do …

The Essential Guide to MSME Financing in India
11 months, 1 week ago

The Essential Guide to MSME Financing in India

India TV News  

Small and medium enterprises serve as the backbone of the financial landscape of India, contributing significantly to employment and GDP. Types of MSME Loans: MSME financing includes term loans for purchasing assets or funding specific projects, lines of credit offering flexible withdrawal options, and invoice financing to unlock the cash tied up in unpaid invoices. MSME financing includes term loans …

Finance Ministry’s Latest Report Highlights 8% Industrial Growth Trajectory Fuelled by Make in India, PLI & MSMEs
1 year, 1 month ago

Finance Ministry’s Latest Report Highlights 8% Industrial Growth Trajectory Fuelled by Make in India, PLI & MSMEs

News 18  

The recently released ‘The Indian Economy – A Review’ by the Department of Economic Affairs, Finance Ministry, has revealed a notable surge in industrial growth, showcasing a likely 8% per annum growth trajectory for the triennium ending March 2024. The report attributes this growth to strategic government initiatives, particularly emphasizing the success of ‘Make in India’, the Production-Linked Incentive scheme, …

The Need to Bolster Institutional Low-Cost Credit to MSMEs
1 year, 1 month ago

The Need to Bolster Institutional Low-Cost Credit to MSMEs

News 18  

The Micro, Small and Medium Enterprises are critical to unlocking the potential of India envisioned under the ‘Make in India’ campaign. The Parliamentary Standing Committee on Finance, in its report titled ‘Strengthening Credit Flows to the MSME Sector’, exposes the fact that less than 40 per cent of MSMEs avail credit from formal financial systems, and therefore depend on costly …

Capital allocation that reaches deserving MSMEs will result in inclusive growth
1 year, 2 months ago

Capital allocation that reaches deserving MSMEs will result in inclusive growth

Live Mint  

The numbers represent both an opportunity and a challenge: India has 63 million micro, small and medium enterprises, contributing almost a third of the country’s GDP and half of its exports, with an equal spread between rural and urban areas, that are mostly short of credit. “I got 99 problems and money ain’t the only one"—these adapted lyrics from rapper …

Over 7 lakh youth to get jobs through PM, CM internship programmes in UP: Yogi Adityanath
1 year, 8 months ago

Over 7 lakh youth to get jobs through PM, CM internship programmes in UP: Yogi Adityanath

India TV News  

The Uttar Pradesh Chief Minister Yogi Adityanath said on June 28, that the state's MSME businesses provide a source of income for millions of people and that they will help in providing jobs to more than seven lakh youth through the state's PM and CM Internship Programmes. CM Yogi also directed officials to take forward efforts for setting up Unity …

Revamped credit scheme to provide additional collateral-free credit for MSMEs
2 years, 1 month ago

Revamped credit scheme to provide additional collateral-free credit for MSMEs

Live Mint  

With her fifth budget, Finance Minister Nirmala Sitharaman proposed a special focus on the Micro, Small, and Medium Enterprises sector in the Union Budget 2023. The finance minister announced a revamped credit guarantee scheme to provide MSMEs with more collateral-free credit. According to the FM, the updated Credit Guarantee Scheme for MSMEs would go into operation on April 1, 2023, …

Govt to launch revamped credit guarantee scheme worth Rs 9,000 cr for MSMEs: FM
2 years, 1 month ago

Govt to launch revamped credit guarantee scheme worth Rs 9,000 cr for MSMEs: FM

Deccan Chronicle  

New Delhi: A revamped credit guarantee scheme for MSMEs with an outlay of Rs 9,000 crore will be launched from April 1, Finance Minister Nirmala Sitharaman said on Wednesday. An integrated IT portal will be launched for reclaiming unclaimed shares and dividends, she said, adding the government would also set up a single window system for registrations and approvals in …

Credit to MSMEs gathers pace, but needs a tech push
2 years, 5 months ago

Credit to MSMEs gathers pace, but needs a tech push

Live Mint  

Bank credit to micro, small and medium enterprises has fluctuated for most of the pandemic. Traditionally, public sector banks led credit disbursement to MSMEs, with a 50% share prior to 2019. iPhone sales in India headed for another record IT companies likely to slash campus hiring in FY24 What lies next for India’s shaky exports story Marico’s Q2 update fails …

How MSMEs can procure NBFC loans without mortgaging assets
2 years, 5 months ago

How MSMEs can procure NBFC loans without mortgaging assets

India TV News  

For MSMEs, sustained funding represents the difference between success and failure. Advent of Cash Flow-based Lending However, the advent of cash flow-based lending has made it much easier for MSMEs to procure credit, although at a somewhat higher interest rate to cover the extra risk of lenders. While new-age lenders such as NBFCs and fintech firms were the first to …

49,608 MSMEs registered in State: Minister
2 years, 6 months ago

49,608 MSMEs registered in State: Minister

The Hindu  

As many as 49,608 micro, small, and medium enterprises have registered in the State till Wednesday, Minister for Industries P. Rajeeve has said. Replying during Question Hour in the Assembly on Wednesday, the Minister said the year 2022-23 was being observed as the ‘Year of Entrepreneurship,’ and the target was to start one lakh MSMEs this financial year. “As part …

42,699 MSMEs registered in first four months of current fiscal
2 years, 8 months ago

42,699 MSMEs registered in first four months of current fiscal

The Hindu  

As many as 42,699 micro, small and medium enterprises registered in the State in the first four months of the current fiscal, Minister for Industries P. Rajeeve said. This has helped create 92,855 employment opportunities, Mr. Rajeeve said launching a State-level loan scheme for entrepreneurs formulated by the State Level Bankers' Committee in association with the State government. The State …

Canara Bank, Lendingkart tie up to offer up to ₹10 lakh loan to MSMEs online
3 years, 2 months ago

Canara Bank, Lendingkart tie up to offer up to ₹10 lakh loan to MSMEs online

Live Mint  

Fintech company Lendingkart on Tuesday announced that it has entered into a co-lending partnership with Canara Bank to provide low-cost business loans of up to ₹10 lakh to micro, small and medium enterprises across the country. Canara Bank said through this alliance it aims to broaden its reach to support MSME borrowers to enhance financial inclusion under the Reserve Bank’s …

Top 5 government business loan schemes in India in 2022
3 years, 2 months ago

Top 5 government business loan schemes in India in 2022

India Today  

The Government of India initiates various schemes and policies to bring a change in the economic condition of the country. Here is the list of the top 5 government business loan schemes in 2022: Top 5 government business loan schemes in 2022: MSME Loan Scheme The loan was introduced by the Government of India focusing on the working capital loan …

Facebook, Xiaomi eye $1 trillion mkt as they plan digital loans
3 years, 6 months ago

Facebook, Xiaomi eye $1 trillion mkt as they plan digital loans

Al Jazeera  

Several big tech firms are now focusing on digital payments in India as online transactions surged during the pandemic. India’s digital loan market is becoming a battleground for companies from Facebook Inc. to Xiaomi Corp., seeking a foothold in what’s set to be a $1 trillion industry. The social media giant’s foray into India coincides with Xiaomi’s, the Chinese maker …

World MSME Day: 5 Govt-Backed Loan Schemes for SMEs, MSEMs in India
3 years, 8 months ago

World MSME Day: 5 Govt-Backed Loan Schemes for SMEs, MSEMs in India

News 18  

The small-scale business sector, also known as Small and Medium Enterprises sector, contributes around 40% to the total GDP of India. Here are the schemes offered by the government – MSME government business loan scheme – The Government of India launched this scheme as a working capital loan, and an MSME can get a loan sanctioned of Rs. MUDRA business …

RBI Loan Restructuring of up to Rs 50 Cr for MSMEs: Eligibility, Other Criteria
3 years, 9 months ago

RBI Loan Restructuring of up to Rs 50 Cr for MSMEs: Eligibility, Other Criteria

News 18  

In a bid to provide relief amid the second wave of COVID-19 pandemic, Reserve Bank of India announced doubling of loan restructuring limits for micro, small and medium enterprises and small borrowers to Rs 50 crore. “With a view to enabling a larger set of borrowers to avail of the benefits under Resolution Framework 2.0, it has been decided to …

RBI's Rs 16,000-Cr Gift to MSMEs; Loans of Up to Rs 50 Cr Can Be Restructured
3 years, 9 months ago

RBI's Rs 16,000-Cr Gift to MSMEs; Loans of Up to Rs 50 Cr Can Be Restructured

News 18  

In a bid to provide relief to micro, small and medium enterprises amid the second wave of coronavirus outbreak, the Reserve Bank of India on Friday extended a special liquidity facility of Rs 16,000 crore to Small Industries Development Bank of India. “To further support the funding requirements of micro, small and medium enterprises, particularly smaller MSMEs and other businesses …

Yes Bank aims to disburse ₹10,000 cr retail, MSME loans in Dec quarter
4 years, 3 months ago

Yes Bank aims to disburse ₹10,000 cr retail, MSME loans in Dec quarter

Live Mint  

Yes Bank aims to disburse retail and small business loans worth ₹10,000 crore in the current quarter of the financial year and plans to expand the portfolio to over 60% of its loan book by 2023, a top official said on Tuesday. Following the road map to become a truly digital retail bank, we are innovating constantly to meet these …

Paytm to double loan disbursement to Rs 1,000 cr for MSMEs
4 years, 4 months ago

Paytm to double loan disbursement to Rs 1,000 cr for MSMEs

India TV News  

Financial services platform Paytm on Monday announced to double its loan disbursements for the micro- and small and medium enterprises from Rs 550 crore in last fiscal year to Rs 1,000 crore by March 2021. "With our collateral-free instant loans, we are trying to help kirana stores and other small business owners who have been left behind by the traditional …

‘Centre’s, RBI’s stand in SC on loans is a big blow to MSMEs’
4 years, 5 months ago

‘Centre’s, RBI’s stand in SC on loans is a big blow to MSMEs’

The Hindu  

The Consortium of Indian Associations termed as a ‘big blow’ to micro, small and medium-sized enterprises the RBI’s affidavit in the Supreme Court pleading for vacating its stay order on the classification of NPA and the Centre ruling out further relief measures under the loan moratorium scheme. In a statement, he said, “The lockdown was implemented suddenly in national interest …

Govt Ready to Waive Interest on Loans Up to Rs 2 Crore, Says it’s the ‘Only Solution’ Amid Pandemic
4 years, 5 months ago

Govt Ready to Waive Interest on Loans Up to Rs 2 Crore, Says it’s the ‘Only Solution’ Amid Pandemic

News 18  

In a huge relief for individual and MSMEs borrowers, the central government on Friday told the Supreme Co urt that it will be waiving interest on the repayment of loans of up to Rs 2 crore, frozen by the RBI in a six-month moratorium granted because of the COVID-19 pandemic. “This category of borrowers, in whose case the compound interest …

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman
4 years, 7 months ago

Rs 10,000 crore Fund of Funds for MSMEs to be operational soon: SBI Chairman

India TV News  

To provide Rs 50,000 crore equity support to stressed MSME units, a Fund of Funds announced as part of the Rs 20.97 lakh crore Aatmanirbhar Bharat Abhiyan package is expected to get operation soon, State Bank of India Chairman Rajnish Kumar said on Monday. The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with …

Advocates, Doctors, CAs Now Covered Under MSME Loan Scheme
4 years, 7 months ago

Advocates, Doctors, CAs Now Covered Under MSME Loan Scheme

Live Law  

The Union Finance Ministry has expanded the scope of the MSME loan scheme announced in the wake of COVID-19 to include professionals like doctors, lawyers, chartered accountants and others, reported the Financial Express.The 3-lakh crore scheme was announced by Finance Minister, Nirmala Sitharaman, in May as part of Government's 'Athmanirbhar package' to help the Micro, Small and. The Union Finance …

Credit guarantee extended to larger firms, self-employed
4 years, 7 months ago

Credit guarantee extended to larger firms, self-employed

The Hindu  

The Centre has expanded its credit guarantee scheme for micro, small and medium enterprises to cover loans given to larger firms, as well as to self-employed people and professionals who have taken loans for business purposes, Finance Minister Nirmala Sitharaman said on Saturday. ₹87,000 crore disbursed So far, banks have approved ₹1.36 lakh crore worth of loans to 40 lakh …

Govt Widens Ambit of Rs 3 Lakh Crore MSME Credit Guarantee Scheme
4 years, 7 months ago

Govt Widens Ambit of Rs 3 Lakh Crore MSME Credit Guarantee Scheme

News 18  

The government on Saturday widened the scope of the Rs 3-lakh crore MSME credit guarantee scheme by doubling the upper ceiling of loans outstanding to Rs 50 crore and including certain individual loans given to professionals like doctors, lawyers and chartered accountants for business purposes under its ambit. The finance minister said that the intended changes are likely to expand …

PSBs sanction ₹19,668 cr loans to 71 MSME hubs under credit guarantee scheme
4 years, 8 months ago

PSBs sanction ₹19,668 cr loans to 71 MSME hubs under credit guarantee scheme

Live Mint  

The Finance Ministry on Friday said public sector banks have sanctioned ₹19,668.87 crore to 71 MSME hubs across the country under the ₹3-lakh crore Emergency Credit Line Guarantee Scheme. "As of July 15, #PSBs have sanctioned loans worth ₹19,668.87 crore for 71 #MSME hubs in 27 States/UTs under the 100% Emergency Credit Line Guarantee Scheme, of which ₹12,871.50 crore has …

Discover Related