Views of Dr. Harish Kumar, Executive Director, REPL (Rudrabhishek Enterprises Ltd.) on the recent announcement by the Finance Ministry for the MSMS/SME and real estate sector to fight against covid 19 pandemic
NEW DELHI, May 16 -- The first tranche came as breather amid corona crisis as the MSME sector received a big push. The announcements made aim to infuse liquidity and ease the functioning of the MSME. By tweaking the definition of MSMEs the benefits will extend to a lot of units. Along with this, the collateral-free automatic loan for MSMEs worth Rs 3 lakh crore for four years coupling it with a no repayment of principal amount for the first 12 months will give a big relief to almost 45 lakh units. The 50,000 crore equity infusion through Fund of Fund will help the MSME units in leveraging it at daugter-fund levels and in expanding their size. By disallowing global tenders from the project worth Rs 200 crore, the government has eased out the...
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