Government Announces Rs 3 Lakh Crore In Collateral-Free Loans To MSMEs

PUBLISHED ON: May 13, 2020 | Duration: 5 min, 55 sec

  
loading..
Finance Minister Nirmala Sitharaman on Wednesday announced MSMEs will be offered Rs 3 lakh crore in collateral-free bank. This loan for existing MSMEs will also have a 1 year moratorium period. The RBI already injected liquidity a few months back to encourage people to take loans. 60% of the total package has already been announced. But the question is how will Rs 440 million organised workforce benefit from future packages?
ALSO WATCH
IMF Chief Kristalina Georgieva Talks On Impact Of Lockdown On Economy

................................ Advertisement ................................

................................ Advertisement ................................

Listen to the latest songs, only on JioSaavn.com