GST Suvidha Center Blog

According to Finance Buddha- "In India Micro, Small and Medium Enterprises/companies are the largest employment providers. 69% is the total contribution of  MSME  to overall employment in the country. MSME also holds a share of almost 45% of the  manufacturing industry  and 40% of our total exports in the country." However, MSME needs capital to grow in the market and several organizations provide funds for it. Now that 2020 is facing a lot of breakdown in the sectors of health, employment, and  finance government  is taking measures for it to provide relief to millions of small businesses rolling under the impact of the Covid-19 lockdown with various  MSME  loan scheme  2020 ,  Finance Minister Nirmala Sitharaman  on Wednesday announced for a collateral-free automatic loan worth Rs.3-lakh crore. To provide micro small and medium enterprises with equity support, the Government will also facilitate the provision of  Rs....