Rs 3L cr collateral free loans for MSMEs: FM ...Middle East

Finance minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs. This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package. The loan will have 4-year tenure and will have a 12-month moratorium, he said.

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