MSME to be the big focus in govt's Rs 20 lakh crore package

Dailyhunt
New Delhi, May 13, 2020

The much awaited financial package of Rs 20 lakh crore will be revealed by Finance Minister, Nirmala Sitharaman later today. The package is expected to have more funding for Mudra loans that are meant for small businesses. 

To ensure that small businesses are not started of a working capital, the Finance Ministry also has floated a proposal for the Cabinet to guarantee fresh working capital limits to small units through the National Credit Guarantee Trustee Company. The current bank exposure to the MSMEs is estimated at around Rs 15 lakh crore. 







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