• Businesses/MSMEs have been badly hit due to COVID19 need additional funding to meet operational liabilities built up, buy raw material and restart business
  • Decision: Emergency Credit Line to Businesses/MSMEs from Banks and NBFCs up to 20% of entire outstanding credit as on 29.2.2020
    • Borrowers with up  to  Rs.  25  crore  outstanding  and  Rs.  100  crore  turnover eligible
    • Loans to have  4  year  tenor  with  moratoriuo1monthon  Principal repayment
    • Interest to be capped
    • 100% credit guarantee cover to Banks and NBFCs on principal and interest
    • Scheme can be availed till 31st Oct 2020
    • No guarantee fee, no fresh collateral
  • 45 lakh units can resume business activity and safeguard jobs.

Leave a Reply

Your email address will not be published. Required fields are marked *