Center expands MSME credit scheme, adds service sector firms
NEW DELHI: The Center on Saturday announced key revisions to the Mutual Credit Guarantee Scheme for MSMEs (MCGS–MSME), expanding its scope beyond manufacturing and making it easier for firms to access collateral-free credit. As part of the changes, service-sector micro, small and medium enterprises (MSMEs) can now participate in the scheme, and the minimum machinery…

