MSME revival package:

News
  • The MSME revival package announced a month before by the Union Finance Minister, the scheme is yet to see the light of the day.
  • The revival package had been announced for stressed micro, small and medium enterprises (MSMEs).
More in the news:
  • The scheme aims to provide Rs. 20,000-crore equity support to stressed MSMEs and those categorised as non-performing assets.
  • Under the scheme, banks were expected to provide subordinate debt to promoters of stressed MSMEs, up to 15% of their existing stake in the unit subject to a maximum of ₹75 lakh.
  • This would have helped two lakh stressed enterprises.
  • The Reserve Bank of India (RBI) is yet to issue the guidelines for it.
Posted by Jawwad Kazi on 9th Jun 2020
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