Thursday, October 1, 2020

Banks sanctions Rs 1.86 lakh crore to 50 lakh MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package, announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress caused by the lockdown due to COVID-19 by providing credit to different sectors, especially micro, small and medium enterprises (MSMEs).

from Banking/Finance-Industry-Economic Times https://ift.tt/3n8M1HV

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