Collateral free loan to be provided to SMEs with 12 month moratorium; 45 lakh units to benefit, she said, announcing parts of the economic package.
For stressed MSMEs, Government to facilitate provision of Rs.20,000 crore subordinate debt for equity support. 2 lakh MSMEs likely to benefit.
For MSMEs who may be doing viable business but need handholding because of current situation, the govt announces Rs. 50,000 crore equity infusion via 'fund of funds'. This will be operated through 'mother fund' and a few 'daughter funds'.
"The MSME definition has been revised. Investment limit will be revised," Ms. Sitharaman said.
Press Information Bureau tweeted this image showing the revised definitions.
The Minister listed the other parts of the economic stimulus package. (Source - The Hindu)
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