PM Narendra Modi on 12 historic decisions

ZeeBiz WebTeam | Nov 02, 2018, 08:49 PM IST

Prime Minister Narendra Modi Friday announced 59-minute loan sanctions, relaxation in labour laws, easier compliance with environmental rules and changes in company laws for small and medium enterprises to give a boost to the nation's second-biggest employing sector.


PM Modi: 12 historic decisions will boost small and medium enterprises. 


PM Modi on India leaping 23 places to 77th rank on Ease of Doing Business Ranking: India has done what people couldn't imagine


PM Modi: Rank within top 50 on ease of doing business is not far away. 


PM Modi announces launch of 59-minute loan portal for sanction of up to Rs 1 cr for small and medium enterprises.


PM Modi: Loan of up to Rs 1 cr to be sanctioned for MSME sector in 59-minutes. 


PM Modi: Interest subvention on pre and post shipment credit for exports by MSMEs increased from 3 pc to 5 pc. 


PM Modi: GST-registered MSMEs to get 2 pc rebate on incremental loan of up to Rs 1 crore.


PM Modi: Mandatory sourcing by PSUs from MSMEs increased to 25 pc from previous limit of 20 pc.