Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), revised Feb 2026 is a credit guarantee from NCGTC / Department of Financial Services, Ministry of Finance for udyam-registered MSMEs (manufacturing, services and exporters after the 2026 revision) that are not NPA and take a term loan where…. It provides Up to ₹100 Cr, for manufacturing · services · exports. Applications are currently open.
Key facts
| Amount / benefit | Up to ₹100 Cr |
|---|---|
| Provider | NCGTC / Department of Financial Services, Ministry of Finance |
| Where | Pan-India |
| Stage | Early Revenue, Growth |
| Sector | manufacturing · services · exports |
| Deadline | Applications open |
What is Mutual Credit Guarantee Scheme for MSMEs?
Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), revised Feb 2026 — 60% guarantee cover (75% for MSME exporters) on term loans up to ₹100 crore for equipment/machinery — Udyam-registered MSMEs (manufacturing, services and exporters after the 2026 revision) that are not NPA and take a term loan where equipment/machinery is at least 60% of project cost (earlier 75%). 5% upfront contribution (2% for exporters). Apply through a member lending institution. It is run by NCGTC / Department of Financial Services, Ministry of Finance.
A credit guarantee helps you borrow by covering part of the lender’s risk, so eligible businesses can access loans they might not get otherwise. The amount and form of support that actually apply to you depend on the programme’s rules and how your application is assessed — they are not fixed for every applicant.
It is aimed at businesses in manufacturing · services · exports. Like most government programmes, it has its own eligibility conditions, documentation and application window, and these terms are revised from time to time. Because of that, it is worth confirming the current eligibility, amount and deadline on the official programme page before you invest time in applying.
Who is eligible for Mutual Credit Guarantee Scheme for MSMEs?
Udyam-registered MSMEs (manufacturing, services and exporters after the 2026 revision) that are not NPA and take a term loan where equipment/machinery is at least 60% of project cost (earlier 75%). 5% upfront contribution (2% for exporters). Apply through a member lending institution. Not for: NPA borrowers; non-Udyam entities.
How much does Mutual Credit Guarantee Scheme for MSMEs give, and in what form?
Up to ₹100 Cr.
Frequently asked questions
What kind of support is this?
A credit guarantee helps you borrow by covering part of the lender’s risk, so eligible businesses can access loans they might not get otherwise.
Who runs this programme?
Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), revised Feb 2026 is offered by NCGTC / Department of Financial Services, Ministry of Finance. Eligibility and approval rest with them; the criteria and amounts are set by the programme.
Is there a deadline to apply?
Programmes like this can be rolling or time-bound. Confirm the current window on the official programme page before you apply.
How do I know if I’m eligible?
Read “Who can apply” above for the programme’s own criteria. If you’d like a quick read on your specific case, our free 2-minute eligibility check maps your stage, sector and revenue to what you can realistically claim.
Related programmes
CapEasy handles this under Debt syndication and bank loan advisory.
Source and verification
No official page is linked for this programme yet. Verification date pending. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.