Will FM Nirmala Sitharaman’s relief package for MSMEs work? Check what experts said
The government on Wednesday evening announced a mega relief package of Rs 6 lakh crore comprising Rs 3 lakh crore of collateral-free loans for small businesses and a Rs 30,000 crore lifeline to non-bank and housing finance companies as part of measures to help the economy tide over disruptions caused by the coronavirus lockdown.
Industry experts have welcomed the measures, hoping that they will help MSMEs to get back on their feet.