FM Nirmala Sitharaman urges lenders to ease flow of credit to MSMEs

FM Nirmala Sitharaman urges lenders to ease flow of credit to MSMEs

At a review meeting through videoconferencing with top officials of all state-owned banks, Sitharaman also took stock of the banks’ readiness to operationalise announcements made under the Rs 20 lakh-crore Aatmanirbhar Bharat package that was unveiled last week to counter the economic impact of Covid-19 outbreak. The union cabinet on Wednesday gave its nod to the key constituents of the package aimed at MSMEs, NBFCs and farm sector including the Rs 3 lakh-crore credit guarantee scheme for the MSMEs sector.

Read more at 
The Economic Times

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