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Economy

Govt unlikely to extend credit guarantee scheme for MSME sector beyond October

Updated : October 18, 2020 06:27 PM IST

The scheme is meant to provide financial support to businesses, primarily Micro, Small and Medium Enterprises (MSMEs), impacted by slowdown triggered by the coronavirus pandemic.
To ensure more companies can benefit from the scheme, it was decided to increase the upper ceiling of loans outstanding as on February 29 for being eligible under the scheme from Rs 25 crore to Rs 50 crore.
Govt unlikely to extend credit guarantee scheme for MSME sector beyond October

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