How to Get MSME New Business Loan After Lockdown
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.20,000 crore as subordinate debt. For the Subord