The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress caused by lockdown due to COVID-19 by providing credit to different sectors, especially MSMEs.source https://economictimes.indiatimes.com/industry/banking/finance/msme-credit-guarantee-scheme-banks-disbursement-crosses-rs-1-lakh-crore-mark/articleshow/77659286.cms
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