MSME secy requires evaluating extent of injury on account of pandemic

MSME secy requires evaluating extent of injury on account of pandemic

MSME Secretary B B Swain on Friday known as for evaluating the extent of injury of the pandemic on the sector and COVID-19 response insurance policies of the federal government for safeguarding them. He additionally has emphasised upon formulation of a future roadmap to speed up progress of the MSME sector submit COVID-19 and a information in direction of making a enterprise surroundings for his or her profit. He stated that whereas addressing the BRICS nation’s imaginative and prescient of Publish-COVID-19 Roadmap for ‘the growth-accelerating sector’.

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In one other information, MSME minister Narayan Rane has stated that as many as 13.06 lakh MSME mortgage accounts with an mixture quantity of Rs 55,333 crore have been restructured by public sector banks until June 25 this 12 months, Parliament was knowledgeable on Thursday.

MSME minister Narayan Rane additionally stated that until July 2, Rs 2.73 lakh crore have been sanctioned below the Emergency Credit score Line Assure Scheme.

The scheme was launched for an emergency credit score line of as much as Rs 4.5 lakh crore to companies together with micro, small and medium enterprises (MSMEs) and the identical is backed by 100 per cent central authorities assure.

Until June 25 this 12 months, “13.06 lakh MSME mortgage accounts with an mixture quantity of Rs 55,333 crore have been restructured by public sector banks,” he stated in a written reply to the Lok Sabha.

In a separate reply, he stated for the reason that inception of the Prime Minister’s Employment Era Programme, until July 9, 6,97,612 items have been arrange (together with these by farmers) with MM (margin cash) subsidy of Rs 16,688.17 crore.

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