New Delhi, June 23 -- In a bid to provide subordinate debt to stressed Micro, Small and Medium Enterprises (MSMEs), the government is finalising the guidelines of the Rs 20,000 crore subordinate debt scheme, a government official said.
While addressing a webinar organised by Dun & Bradstreet India, on Monday, Additional Secretary and Development Commissioner MSME Devendra Kumar Singh said, ''the guidelines for the stressed subordinate debt scheme are under finalisation.''
He also said that small firms will have to diversify and be on top of the changed demand for goods and services to keep their businesses going.
''MSMEs have that capability. A few months ago, nobody knew about personal protection gear—there was little produ...