Question
What percentage of loan guarantee coverage does the Mutual Credit Guarantee Scheme (MCG
- S provide for MSMEs?
Solution
The Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), approved by the Government of India, provides a 60% guarantee coverage by the National Credit Guarantee Trustee Company (NCGTC) for loans up to ₹100 crore. This initiative aims to strengthen the MSME manufacturing sector by improving access to credit.
More Beepedia Questions
- Who won the Men's Player of the Month award for the month of February?
- What is the conservation status of the Mainland Serow according to the IUCN Red List?
- IBM launched the Sangam Infrastructure Innovation Center in which Indian city?
- The Pradhan Mantri MUDRA Yojana (PMMY) completed 11 years on April 8, 2026. Since its inception in 2015, what is the total value of loans disbursed under t...
- Tripura Gramin Bank became the first Regional Rural Bank in India to launch which of the following products?
- REC Limited has signed an MoU with_________ to jointly explore the possibility of funding projects in the Power Sector and Infrastructure & Logistics Sect...
- According to the India–France defence cooperation agreement renewal discussions, India requested that the indigenous content in Rafale fighter jets be incr...
- Which index evaluates the fiscal health of Indian states based on GDP contribution, public expenditure, and revenue management?
- Which campaign was launched in March 2024 in Chhattisgarh to eradicate child marriage?
- Which film is India’s official entry to the 98th Academy Awards in the Best International Feature category?
