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Budget’s big MSME push: New credit rating mechanism for smaller units; Mudra loan limit hiked | Business News

[ad_1] Finance Minister Nirmala Sitharaman in Budget 2024-25 increased the limit of Mudra loans from Rs 10 lakh to Rs 20 lakh and introduced a new assessment model for MSME credit. Sitharaman said that for facilitating term loans to MSMEs for purchase of machinery and equipment without collateral or third party guarantee, a credit guarantee […]

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