What is the Scheme ?
Subtle, small, and medium industries are center. Saturday decided this new policy for industries. Companies with a turnover of Rs 250 crore can also avail of the benefit of the loan guarantee. Informing about the expansion of the MSME Loan Guarantee Scheme, Finance Minister Nirmala Sitharaman said that the scheme covers personal loans taken for business.
The scheme has also been implemented for business loans of doctors, lawyers, chartered accountants, etc.
Secretary of the department Debashish Panda clarified. To ensure the maximum benefit of the loan guarantee scheme to 29 companies.
Debt areas limit until February has been increased from Rs 25 crore to Rs 50 crore. A new loan of Rs 50 crore is in arrears they will get a 20 percent loan guarantee.
‘Atmanirbhar Bharat’ :
A loan guarantee scheme of Rs 3 lakh crore was announced in May under the ‘Atmanirbhar Bharat’ campaign. Banks and financial institutions have sanctioned loans worth Rs. 1.37 lakh crore for micro, small and medium enterprises through the loan guarantee scheme, but loans wroth Rs 87, 227 crores have been disbursed.