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FM Nirmala Sitharaman announces 3 lakh crores collateral-free loans for MSMEs

FM Nirmala Sitharaman announces 3 lakh crores collateral-free loans for MSMEs

May 13, 2020, at 05:34 pm

New Delhi/IBNS: In a bid by the Modi government to fight back the economic impact of COVID-19 outbreak, Union Finance Minister Nirmala Sitharaman on Wednesday announced several categories of collateral-free loans for Ministry of Micro, Small and Medium Enterprises (MSME)s as a part of the Atmanirbhar Bharat Yojana (Self-reliant India) announced by PM Narendra Modi on Tuesday during his national address.