The government decided to infuse Rs 20,000 in MSME:
To Boost the MSME sector Indian government decided to infuse Rs 20,000 Crore into the MSME sector. “Cabinet approves Rs 20,000 crores to manage debt for Stressed MSME, this will be benefited to more than 2 Lakhs MSMEs,” Union Minister Javadekar said. Javadekar said the decision on equity infusion will also enable MSMEs to get listed on Indian Stock exchanges. this was the first meeting of the cabinet after the NDA government completed its first year in the second term at the center. The Indian finance minister also said that this 20,000 crores infusion comes weeks after collateral-free loans of 3 lakh crores as it was the part of the Atmanirbhar Bharat Abhiyan economic package.
