New Delhi - The approval of the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) is a landmark decision, said Mr Ashwani Kumar, President, FIEO. This will significantly enhance the financial accessibility of our micro, small and medium enterprises, particularly those engaged in manufacturing and exports. Lack of adequate financing for capital investments has long been a challenge for MSMEs, restricting their ability to scale and compete in global markets.

With 60% guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC) and a credit facility of up to ₹100 crore, said FIEO Chief, will provide MSMEs . . .