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

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  • Published On: May 13, 2020
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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?
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