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flag India launches scheme offering collateral-free loans up to Rs 100 crore to MSMEs for equipment.

flag 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. flag The National Credit Guarantee Trustee Company Ltd will provide a 60% guarantee to lenders, aiming to boost credit access and support the manufacturing sector. flag The scheme is part of broader economic reforms, including proposals to increase FDI limits in the insurance sector.

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