Mutual Credit Guarantee Scheme

• The Mutual Credit Guarantee Scheme for MSMEs has received approval from the Central Government.

• The programme provides credit facilities up to ₹100 crore with 60% National Credit Guarantee Trustee Company Limited (NCGTC) guarantee coverage.

• The programme aims to make it easier for MSMEs to obtain credit for purchase of machinery, equipment and plant.

• Scheduled commercial banks, NBFCs and AIFIs registered with NCGTC are included as Member Lending Institutions (MLIs).

• MSMEs need a current Udyam Registration Number to become borrowers.