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…

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Budget 2026: Motion of thanks debate begins in Parl today. PM Modi likely to speak on 4 February – Here’s what to expect

Budget 2026: The Parliament will begin discussion on the Motion of Thanks on the President’s address from today during the ongoing Budget Session in Lok Sabha. Union Minister Sarbananda Sonowal will start the discussion from the Bharatiya Janata Party (BJP). Sonwal’s fellow party MP Tejasvi Surya will second the motion.. In the Rajya Sabha, BJP…

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‘Reform, Perform and Transform…’, what message did PM Modi give to the country before the budget?

Budget Session 2026: The budget session 2026 of Parliament, which decides the political and economic direction of the country, has started. This session is going to witness many important bills, major economic decisions and heated debates between the government and the opposition. The Union Budget to be presented on February 1 in the middle of…

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