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flag India launches $30B credit guarantee scheme for MSMEs amid West Asia conflict.

flag 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. flag 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. flag 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. flag 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.

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