Ahead of the Modi government's union budget 2025-26, the micro, small and medium enterprises (MSME) have called for an overhaul of credit guarantee schemes to address growth barriers for the cash-strapped industry. Small businesses face significant challenges in accessing collateral-free loans due to their limited credit histories and lack of substantial assets to offer as security.
Ahead of the Modi government's union budget 2025-26, the micro, small and medium enterprises (MSME) have called for an overhaul of credit guarantee schemes to address growth barriers for the cash-strapped industry. Small businesses face significant challenges in accessing collateral-free loans due to their limited credit histories and lack of substantial assets to offer as security.