Budget 2024: Key highlights for MSME sector

By Anjali Jha Published July 23, 2024 CNBC-TV18.com

[{"selector":"#anim-b024c41d-a7b6-47fa-a4d9-04cc36bb7706 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.285146397527903%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Credit guarantee scheme for mfg in MSMEs

[{"selector":"#anim-7c2fab65-6cc8-4322-a781-f1c14d1f1ca6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Purchase of equipment without collateral, credit guarantee scheme will be introduced

[{"selector":"#anim-9ed2c162-4100-4cd2-95b5-8ba0d7609aee [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(8.116368538429448%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Self financing guarantee will be provided with coverage of Rs100cr

[{"selector":"#anim-577ce62a-15b9-4ffb-b9e6-8af877005a48 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-2.434051562298908%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] SMA accounts, if MSME needs credit for reasons beyond their means, govt will guarantee their credit