COVID-19 – AATMANIRBHAR BHARAT SCHEME – AATMANIRBHAR MSME

  MSMEs have been hit by COVID-19 and are currently resolving small hiccups to restart the business. Honourable Finance Minister recently announced measures to boost liquidity in MSMEs, help them take benefit of the Government schemes, and strengthen their competencies. The following are recent relief for Aatmanirbhar MSMEs. Collateral-free loans of ₹ 3 Lakh Crore to MSMEs: Banks and NBFCs will offer up to 20 per cent of entire outstanding credit as on February 29, 2020, to MSMEs. Units with up to ₹ 25 Crores outstanding credit and ₹ 100…