20 lakh caror package detail declared liveIn a Rs 20 lakh crore package, the country's finance minister announced that MSMEs would get a loan of Rs 3 lakh crore even without a guarantee.
In pursuance of the Self-Reliant India Campaign, the Government of India has announced an economic package of Rs. 20 lakh crore to revive the Indian economy.
20 lakh crore package detail financial minister Nirmala sitaram and support team to live press conference
M.S. ME will be given a loan of Rs 3 lakh crore. The loan will be for four years and will not require any type of guarantor.
Loan of Rs. 20 crore for micro, small-scale cottage industries. This loan will be given to those who are under MSME stress.
The medium-sized, micro-industry is doing well. Equity has been declared for them.
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Finance minister Nirmala sitaram 20 lakh crore package detail declared to live press conference.
For MSMEs, collateral free automatic loans of Rs 3 lakh crore will be provided. This is for a term of 4 years and is 100 percent guaranteed. This will run until October 21, 2020. It will benefit 45 lakh units, allowing them to resume activity and secure jobs.
Rs 20,000 crore will be borne by secondary debt to stressful MSMEOs with equity problems. 2 lakh MSMEs will benefit from this liquidity line. All are eligible for NPA 'or Stressful MSME Scheme. The government will provide Rs 4,000 crore to CGTMSEs, which will provide partial guarantees to banks that benefit strained MSMEs.
For MSMEs that want to expand their reach, an equity infusion of Rs 50,000 crore will be made under Funds, Off Funds.
20 lakh caror package detail declared live
4/ 5Oleh Makavana Mahendra J