In a move to support India’s growing Micro, Small, and Medium Enterprises (MSMEs), the government has introduced significant modifications to the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME). These changes are in line with the vision set out in Budget 2025-26, aiming to promote the country’s manufacturing and export sectors. The revamped scheme is designed to facilitate easier access to credit for MSMEs, with a focus on exporters and manufacturers looking to purchase plant and machinery.