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India launches scheme offering collateral-free loans up to Rs 100 crore to MSMEs for equipment.
India's Finance Minister, Nirmala Sitharaman, launched the Mutual Credit Guarantee Scheme for MSMEs, offering collateral-free loans up to Rs 100 crore for equipment purchases.
The National Credit Guarantee Trustee Company Ltd will provide a 60% guarantee to lenders, aiming to boost credit access and support the manufacturing sector.
The scheme is part of broader economic reforms, including proposals to increase FDI limits in the insurance sector.
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India lanza un plan que ofrece préstamos sin garantía de hasta 100 millones de rupias a las mipymes para equipos.