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Credit guarantee cover for MSMEs to be enhanced to ₹10 cr: FM
short by Dharini Mudgal / on Saturday, 1 February, 2025
Finance Minister Nirmala Sitharaman, while presenting Union Budget 2025-26, said that credit guarantee cover will be enhanced for MSMEs to ₹10 crore from ₹5 crore. Investment and turnover limit for classification of all MSMEs will be enhanced to 2.5 and 2 times, respectively. She added that government will introduce customised credit cards with ₹5 lakh limit for registered micro-enterprises.
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