Business

MSMEs sector: Nirmala Sitharaman announces a significant reinforcement for MSMEs to revive the economy and protect jobs | India Business News

[ad_1] NEW DELHI: The government revealed on Wednesday a significant dose of reinforcement involving a series of initiatives for micro, small and medium-sized enterprises, including automatic unsecured loans worth Rs 3 lakh crore for companies. A subordinated debt of Rs 20,000 crore for stressed units, a Fund of funds for …

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Nirmala Sitharaman announces infusion of Rs 45,000 cr for NBFC

[ad_1] The government on Wednesday launched a life preserver to the stressed shadow Indian banking sector with an announcement of a Rs 45 billion liquidity infusion through a Partial Credit Guarantee Scheme (PCGS) 2.0 for non-bank financial companies ( NBFC) Union Finance Minister Nirmala Sitharaman made the announcement as part …

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