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The Union Finance Ministry is in the final stages of preparing a credit support scheme for micro, small and medium enterprises (MSMEs) affected by the recent 50% import tariffs imposed by the United States. According to government sources, the relief plan is expected to be rolled out by next month t
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FAQ :
The Finance Ministry is preparing a credit support scheme to assist micro, small, and medium enterprises (MSMEs) that have been negatively impacted by the recent 50% import tariffs imposed by the United States.
The relief plan is anticipated to be launched by next month.
The scheme is likely to offer credit guarantees for MSME exporters who avail loans up to Rs 100 crore, providing much-needed liquidity.
Export associations representing the leather, carpet, shrimp, and textile sectors have indicated they are among the hardest hit by the US tariff measures.
Officials have indicated that the terms could be simplified and potentially relaxed compared to existing schemes, such as the Mutual Credit Guarantee Scheme (MCGS), due to the heavy tariff burden faced by Indian industries.
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