On Thursday, the Finance Ministry formally informed banks and non-bank finance companies (NBFC) about the expanded Emergency Line of Credit Guarantee Scheme (ECLGS) 2.0. The guaranteed loan scheme was previously announced by Finance Minister Nirmala Sitharaman as part of Atmanirbhar Bharat’s third fiscal stimulus. The scheme will provide guaranteed credit …
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[ad_1] By: ENS Economic Bureau | New Delhi | Updated: May 19, 2020 7:24:34 am “The centre and core of the feed systems is to clear all the outstanding of MSMES dues within 45 days. I’ve also requested to other companies to clear pending dues of Msmes as all capital …
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[ad_1] For the MSME sector, the minister detailed six measures, including the new definition of the sector. Consequently, the investment limit to define MSMEs has been revised upwards. In addition, he stressed that additional criteria such as rotation have been considered to define MSMEs. The Center has also decided not …
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