[ad_1] “Look at London, talk to Tokyo” is an expression that is sometimes used to describe a wink or a squint. But this could literally be a fitting metaphor for Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus announced to revive India’s economy affected by the COVID-19 pandemic. Behind Modi’s obvious …
Read More »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 …
Read More »3 Lakh Crore loan for MSMEs The government can probably pay wages: sources
[ad_1] Each registered MSME may be eligible for an additional 20 percent loan, according to sources. New Delhi: The government is considering a proposal to guarantee up to Rs 3 million in small business loans as part of a plan to restart the coronavirus-battered economy and a 50-day blockade, sources …
Read More »With Goal of ‘New UP’, Adityanath Govt Asks 90L MSMEs to Create Jobs for Migrants Returning Home
[ad_1] Uttar Pradesh Chief Minister Yogi Adityanath chairs a meeting with officials maintain social distancing in the wake of coronavirus pandemic, at CM residence, in Lucknow. (PTI) CM Adityanath said the rules for all types of NOCs will be simplified along with the environmental norms for new units and for …
Read More »Center established to provide up to 100% credit guarantees for MSME loans: Sources
[ad_1] New Delhi / Mumbai: Government of India has put forward a proposal to guarantee loans to small businesses by financial institutions as it seeks to boost business when the coronavirus blockade begins to ease, a government source and two said bank officials. “Up to 100% of the loans granted …
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