The government has provided Rs. 300000/- crores as collateral free automatic loan, due to Covid 19 Situation to get the economy back on track. Hence, government has given the opportunity to businesses by providing them emergency funds with 100% credit guarantee by government.
The government has given the clarifications regarding the aforesaid facilities. The government has given certain important clarifications. We reframed those clarifications in the form of FAQs:
FAQs
Q 1. Whether loan only to MSME?
Ans: No, All MSME, PMMY (Mudra Yojana) borrower & all other business entities, i.e. even trading concerns are eligible.
Read on me: https://taxguru.in/finance/important-clarifications-msme-loans.html
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