Union Finance Minister Nirmala Sitharaman announced a new credit assessment model for public sector banks to provide collateral-free loans of up to Rs 100 crore for MSMEs. “The grievance…MSMEs get working capital from banks, they don’t get term loans,” she stated, adding that e-commerce hubs and SIDBI branches will support export services and industrial clusters.
Union Finance Minister Nirmala Sitharaman announced a new credit assessment model for public sector banks to provide collateral-free loans of up to Rs 100 crore for MSMEs. “The grievance…MSMEs get working capital from banks, they don’t get term loans,” she stated, adding that e-commerce hubs and SIDBI branches will support export services and industrial clusters.