Government Modifies Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME)
The National Credit Guarantee Trustee Company Limited (NCGTC) will manage the scheme, offering a 60% credit guarantee cover to lenders.
The scheme now explicitly includes both Manufacturing and Service sectors, specifically targeting loans for machinery and equipment purchases.
Exporters are given special provisions, including a guaranteed loan amount of up to ₹20 crore and a lower guarantee fee after the first year.
Aspirants should note the increase in repayment flexibility, with terms up to 8 years and a moratorium of up to 2 years for loans up to ₹50 crore.
Key Facts / Static GK
Udyam Registration: Mandatory portal for MSME registration
Minister of MSME: Jitan Ram Manjhi
Practice Quiz — 24 March 2026
Q1. Regarding the 622nd RBI Central Board meeting, what is the specific timeframe designated for the 'Utkarsh 3.0' Medium-Term Strategy Framework?
Q2. Which specific body has been replaced by the newly formed National Dental Commission (NDC) as of March 2026?
Q3. Under the new PAN card rules effective from April 2026, what is the revised threshold for mandatory PAN reporting for property purchase or sale transactions?
Q4. As per the Global Terrorism Index (GTI) 2026, which country is ranked as the most impacted by terrorism globally?
Q5. Whose record did PM Narendra Modi surpass to become the longest-serving elected head of government in India as of March 2026?
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