As per the recent tweet of CNBC-TV18, the SIDBI sources say that it has presented a plan seeking Govt guarantee for an emergency credit line to all MSMEs, while bankers want credit guarantee for incremental loans to small NBFCs & microfinance companies too.
SIDBI SOURCES TO CNBC-TV18:-
- SIDBI Presents Plan For Emergency Credit Line To All MSMEs With LoansUnder Rs 5 Cr
- MSMEs To Get 10-15% Of Normal Working Capital As Emergency Loan & ToUse Emergency Credit Only To Pay Salaries
- Govt To Fully Guarantee Emergency Loans To MSMEs
- SIDBI Estimates Plan Will cost Govt Rs 16,000 Cr Over 3 Years
- Corpus May Be Given To SIDBI/SPV Which Can Be Leveraged 10 Times
BANKING SOURCES SAY:-
- Bankers Have Urged Govt To Give 25% Credit Guarantee For MSME, NBFC Loans
- Guarantees May Be Given For Loans To Cos Below Rs 300 Cr Revenue
- Guarantee Will End Risk Aversion, Restart Financial Sector, Economy
Source: https://twitter.com/CNBCTV18Live/status/1255759352444510208