7. Financial Sector

Credit Guarantee for MSMEs

• Revamped scheme on credit guarantee will take effect from 1st April 2023 through infusion of Rs. 9,000 crore in the corpus.
• Thus, will enable additional collateral-free guaranteed credit of Rs. 2 lakh crore.

National Financial Information Registry

• A national financial information registry will be set up to serve as the central repository of financial and ancillary information.
• This will facilitate efficient flow of credit, promote financial inclusion, and foster financial stability.
• A new legislative framework will also govern this credit public infrastructure, which will be designed in consultation with the RBI.

Financial Sector ....