ON MSMEs, Finance Minister Nirmala Sitharaman... ... Union Budget 2024 Live: Standard Deduction for salaried employees hiked to Rs 75,000

ON MSMEs, Finance Minister Nirmala Sitharaman says, "For facilitating term loans to MSMEs, a credit guarantee scheme will be introduced. The scheme will operate on the cooling of credit risks of such MSMEs. A self-financing guarantee fund will provide to each applicant cover of up to Rs 100 crore while loan amount may be larger..."