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45 Lakh MSMEs To Benefit Via Rs 3 Lakh Crore Loans, Says Nirmala Sitharaman
13 May 2020, 05:33 PM IST 
MSME collateral free loans to be 100 per cent credit-free and moratorium will be for first 12 months,
Finance Minister Nirmala Sitharaman announced collateral-free loans worth Rs 3 lakh crore for MSMEs with turnover up to Rs 100 crore till October 31, 2020, as part of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi on Tuesday. A total of 45 lakh MSMEs stand to benefit fro this measure, Ms Sitharaman pointed out.
