FM announces Rs.3 lakh Cr collateral-free loans for businesses
PrintListen to this Article
Collateral free loan to be provided to SMEs with 12 month moratorium; 45 lakh units to benefit, she said, announcing parts of the economic package.
For stressed MSMEs, Government to facilitate provision of Rs.20,000 crore subordinate debt for equity support. 2 lakh MSMEs likely to benefit.
For MSMEs who may be doing viable business but need handholding because of current situation, the govt announces Rs. 50,000 crore equity infusion via 'fund of funds'. This will be operated through 'mother fund' and a few 'daughter funds'.
"The MSME definition has been revised. Investment limit will be revised," Ms. Sitharaman said.
Press Information Bureau tweeted this image showing the revised definitions.
The Minister listed the other parts of the economic stimulus package. (Source - The Hindu)
Category : General | Comments : 0 | Hits : 488
India Features in World Bank’s Top Five Rankings for Private Investment in Infrastructure
Infrastructure remains a cornerstone of India’s long-term growth framework, with public capital expenditure maintaining a consistent upward momentum since FY15. A defining development in th...
India's FY26 GDP Growth Projected at 7.4%, Supported by Strong Consumption and Investment Momentum
India’s economy is projected to expand by 7.4 per cent in FY26, supported by the twin drivers of consumption and investment, reinforcing its position as the world’s fastest-growing major e...
Retirement fund body EPFO has said it will no longer use Aadhaar as a valid document for proof of date of birth. In an official circular on January 16, the Employees' Provident Fund Org...
Comments