Finance Ministry Plans Credit Support Scheme for MSMEs Affected by US Tariffs

The Finance Ministry is formulating a credit support initiative for Micro, Small, and Medium Enterprises (MSMEs) impacted by recent 50% tariffs imposed by the United States on certain exports. The proposed scheme will include concessional loans, interest subvention, and credit guarantee mechanisms to protect small manufacturers and exporters. This measure aims to sustain employment, promote competitiveness, and stabilize the MSME sector amidst international trade disruptions. The plan reflects the government’s focus on supporting domestic industries against global market challenges and ensuring their continued growth and resilience.