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Government set to guarantee up to Rs 3 lakh crore loans to MSMEs

Byindianadmin

May 13, 2020 #loans, #MSMEs
Government set to guarantee up to Rs 3 lakh crore loans to MSMEs

BRAND-NEW DELHI: The government’s much-awaited stimulus for micro, small and medium-sized

organisations

is expected to include a provision for additional loans of approximately Rs 3 lakh crore or 20%of the bank exposure to the sector, together with a more liberal dispensation for

federal government

agreements.

In addition, more financing for Mudra loans, indicated for tiny companies, are on the anvil, federal government sources informed TOI.

The

financing

ministry has drifted a proposal for the cabinet to guarantee fresh working

c

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