Date: February 17, 2025
Union Finance has launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS – MSME) for facilitating loans upto Rs. 100 crore to MSMEs for purchase of machinery or equipment without collateral, in pursuance of the Union Budget 2024-25 announcement.
Key Highlights of the Post-Budget Stakeholders’ Interaction (Mumbai)
1. Mutual Credit Guarantee Scheme (MCGS) for MSMEs
2. ‘Sachal Aaykar Seva Kendra’ (Mobile Tax Service Centre)
3. Capital Expenditure Boost
4. Research & Development (R&D) and STEM Promotion
5. Fiscal Consolidation & Deficit Reduction
6. New Income Tax Act
7. Investment in Key Sectors
8. Education & Insurance Sector Reforms
9. PM Dhan Dhaanya Krishi Yojana
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