MSMEs’ collateral free loan scheme hits Rs 1 lakh cr mark in Apr-Oct FY24
India's Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has approved a credit guarantee of Rs 1 lakh crore in the first seven months of the current financial year 2023-24. This is a significant boost to the Micro, Small and Medium Enterprises (MSME) sector, demonstrating the government's commitment to support MSMEs.
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