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