Credit guarantee cover for MSMEs to be enhanced

For micro and small enterprises, credit guarantee cover will be increased from Rs 5 crore to Rs 10 crores, leading to additional credit of Rs 1.5 Lakh crores in the next 5 years.

For start-ups credit guarantee cover will be increased from Rs 10 crores to Rs 20 crores with a guarantee fee being moderated to 1% for loans in 27 focus sectors which are important for Atma nirbhar Bharat.

For well-run exporter MSMEs, term loans up to Rs 20 crores will be given