Rs 3 lakh crores Collateral free Automatic Loans for Businesses including MSMEs

Rs 3 lakh crores collateral free automatic loans for

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Rs 3 lakh crores Collateral-free Automatic Loans for Businesses, including MSMEs
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Stressed MSMEs need equity support GoI will facilitate provision of Rs. 20,000 cr as subordinate debt Two lakh MSMEs are likely to benefit Functioning MSMEs which are NPA or are stressed will be eligible Govt. will provide a support of Rs. 4,000 Cr. to CGTMSE CGTMSE will provide partial Credit Guarantee support to Banks Promoters of the MSME will be given debt by banks, which will then be infused by promoter as equity in the Unit. Rs 20,000 crores Subordinate Debt for Stressed MSMEs
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