CNBC TV-18: Govt may announce a Rs 40,000 Cr corpus for MSME

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As per the recent tweet of CNBC-TV18, the Government sources say that they may announce a Rs 40,000 Cr corpus for MSME funding which may help provide for a Rs 3 Lakh Cr credit line; Govt likely to give 100% guarantee on new funding scheme for MSMEs:-

  • Govt may announce a Rs 40,000 cr corpus for MSME funding
  • The Rs 40,000 cr MSME funding corpus may help provide for Rs 3 lakh cr credit line
  • Fresh credit line for MSMEs likely to be for 6 months
  • Govt likely to give 100% guarantee on new funding scheme for MSMEs
  • MSMEs may be able to fund 20% of their terms loans from banks & NBFCs

Source: https://twitter.com/CNBCTV18Live/status/1254968638546735104

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