Cabinet approves scheme to provide Rs 2.55 lakh crore credit support to businesses facing liquidity challenges amid West Asia crisis

May 05, 2026

"The scheme aims to provide credit guarantee coverage of 100% for MSMEs and 90% for non-MSMEs as well as airline sector," the Cabinet said.

Canara Bank releases emergency credit facilities for MSMEs

May 25, 2020

New Delhi [India], May 25 : To meet a temporary liquidity mismatch arising out of the COVID-19 outbreak, Canara Bank has announced a new...

Announced in July 2024 Budget, FM Sitharaman launches Mutual Credit Guarantee Scheme for MSMEs

Feb 17, 2025

Finance Minister Nirmala Sitharaman on Monday launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS - MSME) for facilitating loans upto Rs.100 crore to...

RBI launches innovative program to revolutionize credit access for MSMEs

Sep 14, 2023

T Rabi Sankar, Deputy Governor of the RBI, unveiled the program, highlighting its potential to revolutionize credit access for MSMEs.

Finuit's Bank Statement Analyzer simplifies processing of MSME Loan Applications

Jul 02, 2024

New Delhi [India], July 2: There are over 6.3 million MSMEs in India, with an unmet credit demand of close to 120 billion USD....

Government's Credit Assessment Model to boost digital lending for MSMEs

Dec 02, 2025

CAM is designed to provide a uniform, efficient way to evaluate MSME creditworthiness using digital tools. By leveraging existing data in the digital ecosystem,...