
Vikas Gawri
February 1, 2025 at 07:22 AM
🚨BUDGET BIG BREAKING
Easier Loan Access for MSMEs
▶ Significant expansion of credit guarantee cover for MSMEs:
• Micro and Small Enterprises: Increased from ₹25 crore to ₹10 crore, enabling additional credit of ₹21.5 lakh crore over the next five years
• Startups: Increased from ₹10 crore to ₹20 crore, with the guarantee fee reduced to 1% for loans in 27 focus sectors
▶ Customized Credit Cards for Micro Enterprises (registered on the Udyam Portal):
• Credit limit of ₹25 lakh
• 10 lakh cards to be issued in the first year