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India launches $30B credit guarantee scheme for MSMEs amid West Asia conflict.
India is planning a massive credit guarantee scheme worth ₹2.5 lakh crore to support businesses, particularly MSMEs, hit by the ongoing West Asia conflict.
The government will provide a 90% guarantee on loans up to ₹100 crore through the National Credit Guarantee Trustee Company, modeled after the COVID-19 pandemic program.
This initiative aims to ensure credit access without fresh appraisals, capped interest rates, and no fees, while the government funds up to ₹17,000–18,000 crore to cover potential defaults.
Additionally, the government has reduced excise duties on fuel and imposed export duties on diesel and aviation fuel to stabilize supply and ease consumer costs amid rising global crude prices.
India lanza un plan de garantía de crédito de $ 30B para MSMEs en medio del conflicto en Asia occidental.