Union Finance Minister Nirmala Sitharaman on Saturday said in her eighth Budget speech that the credit guarantee cover limits for the MSME sector will be enhanced. For micro enterprises, the MSME credit guarantee cover will be doubled from ₹5 crore to ₹10 crore leading to additional ₹1.5 lakh crore credit in the next 5 years. Sitharaman said that customised credit cards with a limit of ₹5 lakh will be started for small businesses registered on the Udyam Portal.
first published: Feb 1, 2025 12:34 pm
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