1. India launches new MSME credit guarantee scheme
The Government of India launched a credit guarantee scheme for MSMEs with a corpus of ₹9,000 crore, targeting collateral-free loans up to ₹100 lakh per borrower over five years.
Why it matters for exams: Relevant for UPSC GS-III (Economy: Industrial policy, MSME) and TNPSC Group I/II current affairs.