https://www.taxtmi.com/news?id=31919 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. en-us Thu, 30 Jan 2025 09:21:08 +0530 Thu, 30 Jan 2025 09:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31919 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. News - Thu, 30 Jan 2025 09:21:08 +0530 https://www.taxtmi.com/news?id=31919