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India: Introduction of Mutual Credit Guarantee Scheme for MSMEs

Description

On 27 January 2025, the Government of India introduced the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME). This initiative provides a 60% guarantee coverage by the National Credit Guarantee Trus...

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Intervention Details

Intervention Type

Lending support

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

27 Jan 2025

Revocation date

26 Jan 2029

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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