India's government has overhauled the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) to streamline financing for manufacturing expansions and exports, directly supporting Budget 2025-26 goals for economic growth. Introduced in January 2025 and now revised based on stakeholder input...
The Indian government has reaffirmed that manufacturing will be the key engine propelling the country towards its long-term target of becoming a $35 trillion economy by 2047. With global supply chains undergoing realignment and domestic reforms gathering pace, policymakers...
Small manufacturers across India could be staring at one of the biggest export openings in years, thanks to a sharp escalation in US tariffs on Chinese imports. A new report by the Global Trade Research Initiative (GTRI) outlines how...
In a significant boost to India’s Micro, Small, and Medium Enterprises (MSME) sector, Finance Minister Nirmala Sitharaman launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), offering collateral-free loans of up to ₹100 crore. The initiative aims to provide...
