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Renewed Loan Guarantee Scheme To Come Into Effect From Tomorrow
31 Mar 2023, 05:05 PM IST 
Credit Guarantee Fund Trust has issued guidelines in this regard. (File)
A revamped credit guarantee scheme for India's micro and small enterprises will come into effect from Saturday, with the annual guarantee fee for loans up to Rs 1 crore getting reduced from the peak 2 per cent to 0.37 per cent, reducing the overall cost of credit for small businesses.
