Indian government unveils 8-point package for MSMEs with credit guarantee scheme, term loans, and public sector banks support.
The Indian government has unveiled an 8-point package to assist micro, small, and medium enterprises (MSMEs) in competing globally. Key measures include a credit guarantee scheme for MSMEs, term loans without collateral or third-party guarantees, and public sector banks building their in-house capabilities for MSME credit assessment. The package aims to provide financial and technological support to boost MSME growth and competitiveness.
July 23, 2024
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