FM announces Rs 3 lakh Crores Collateral-Free Guaranteed Loans for MSMEs

Posted on    11 December 2020

Unprecedented liquidity support to MSMEs!

Rs 3 lakh cr Collateral-Free Guaranteed Loans – Budgetary provision of Rs.4000 crore made for the Scheme in First Supplementary Demand for Grants for FY 2020-21

Infusing liquidity to supporting businesses!

  • PCGS 2.0-Purchase of portfolio of Rs. 27,794 cr already approved by banks
  • Rs. 25,000 cr. disbursed from Additional Emergency Working Capital Funding for farmers through NABARD

Empowering our farmers & accelerating agri growth!

  • Rs. 2 lakh cr. Concessional credit boost to 2.5 cr farmers through KCC.
  • Total coverage so far (Phase I+Phase II): 169.77 lakh KCC with KCC limit of about Rs.1.54 lakh cr.

Rs. 1500 cr Interest Subvention for MUDRA-Shishu Loans!

Rs. 775 cr released to Small Industries Development Bank of India of which Rs. 206.73 cr already disbursed to Member Lending Institutions (MLIs) (4/4)

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