Government modifies Mutual Credit Guarantee Scheme to Support MSME Manufacturers and Exporters in line with Budget 2025-26

• MCGS-MSME is a credit guarantee scheme run by NCGTC under the Ministry of Finance, providing 60% guarantee cover to lenders on loans up to ₹100 crore for MSMEs buying plant/machinery.
• Launched January 2025; modifications notified on 21 March 2026 in line with Union Budget 2025-26 announcements.
• Examinable as a Prelims fact-cluster (numbers, agency, ceiling) and GS-III Mains material on MSME credit, manufacturing competitiveness, and export promotion.