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Showing posts with the label Stimulus

Indian Finance Minister announces measures taken under Economic stimulus of 20 Lakh Crore.

FM says 15 measures to be announced today.  - Collateral free loan for MSMEs upto Rs 3 lakh crore. - MSMEs with Rs 25 Crore outstanding loan or Rs 100 crore turnover can avail. - 100 percent credit guaranteed (presumably by govt) - To benefit 45 lakh MSMEs -Loans will be of 4 year tenure. 12 month moratorium on principal payment. Interest to be capped. Announcement 2: -- Rs 20,000 crore subordinate debt programme for stressed MSMEs -- 2 lakh MSMEs to benefit including stressed / NPAs -- Govt to provide Rs 4000 crore to the Credit Guarantee fund, which in turn will provide the debt. Announcement 3:  -- Fund of funds with corpus of Rs 50,000 crore for equity infusion in MSMEs Announcement 4: -- Change in definition of MSMEs -- Micro: Investment upto Rs 1 cr / turnover upto Rs 5 cr -- Small: Investment upto Rs 10 cr / turnover upto Rs 50 cr -- Medium: Investment upto Rs 20 cr / Turnover upto Rs 100 cr Announcement 5: -- For govt. pr...