<h1>Mutual credit guarantee expands guarantee cover for MSME equipment loans, enabling broader collateral-free credit access and longer tenors.</h1> MCGS-MSME provides 60% guarantee coverage by NCGTC to Member Lending Institutions for equipment/machinery loans to MSMEs, with guarantee per loan capped at Rs.100 crore, minimum equipment cost 75% of project cost, borrower required to have Udyam Registration, an upfront 5% initial contribution, nil guarantee fee in sanction year followed by 1.5% p.a. for three years and 1% p.a. thereafter, and repayment tenors including moratoriums varying by loan size.