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The Finance Minister announces that collateral free loan will be given to #MSMEs who have a 25cr outstanding loan or a 100 cr turnover.
These loans shall be for 4 yrs tenure and a moratorium of 12 months will be in place
These loans shall be for 4 yrs tenure and a moratorium of 12 months will be in place
All these loans shall carry no guarantee fee and will benefit around 45lakh #MSMEs to aid them in their business
#20lakhcrores
#20lakhcrores
All the stressed #MSMEs will benefit from the 20,000 cr. loan which the Govt. plans to infuse. All NPA' and stressed #MSMEs will be eligible.
A funds of funds scheme for the viable #MSMEs a 50,000cr equity investment will be infused.
Increased investment limit and additional criteria is being brought in for the #MSMEs . The definitions and difference between service and manufacture based MSMEs.
Revised and new definitions of #MSMEs. The investment limit has been revised too.
The govt. and PSU's will clear all outstanding dues within 45 days.
