The scheme would provide 60 per cent guarantee coverage by the National Credit Guarantee Trustee Company Ltd (NCGTC) to member lending institutions (MLIs) for a credit facility up to Rs 100 crore, sanctioned to eligible MSMEs under MCGS-MSME for the purchase of equipment/machinery. FM Sitharaman also handed over the keys to homebuyers who have benefitted due to the SWAMIH (Special Window for Affordable and Mid-Income Housing) Fund during the post-Budget interaction programme with stakeholders. The scheme is expected to give a major boost to the manufacturing sector in India. The Centre is working on more reforms in the insurance sector, in which 100 per cent foreign direct investment (FDI) has been allowed. The current Budget proposes to raise the FDI cap for the Insurance sector from 74 per cent to 100. per cent. The government’s focus has not shifted from capital expenditure to consumption expenditure, says the Finance Minister.
The scheme would provide 60 per cent guarantee coverage by t….
