Quick Summary
Unprecedented liquidity support to MSMEs!
Rs 3 lakh cr Collateral-Free Guaranteed Loans – Budgetary provision of Rs.4000 crore made for the Scheme in First Supplementary Demand for Grants for FY 2020-21
Infusing liquidity to supporting businesses!
- PCGS 2.0-Purchase of portfolio of Rs. 27,794 cr already approved by banks
- Rs. 25,000 cr. disbursed from Additional Emergency Working Capital Funding for farmers through NABARD
Empowering our farmers & accelerating agri growth!
- Rs. 2 lakh cr. Concessional credit boost to 2.5 cr farmers through KCC.
- Total coverage so far (Phase I+Phase II): 169.77 lakh KCC with KCC limit of about Rs.1.54 lakh cr.
Rs. 1500 cr Interest Subvention for MUDRA-Shishu Loans!
Rs. 775 cr released to Small Industries Development Bank of India of which Rs. 206.73 cr already disbursed to Member Lending Institutions (MLIs) (4/4)
FAQ :
A total of Rs 3 lakh crore in collateral-free guaranteed loans has been announced for MSMEs.
A budgetary provision of Rs 4,000 crore has been made for the scheme in the First Supplementary Demand for Grants for FY 2020-21.
PCGS 2.0 refers to the Purchase of Portfolio of Rs 27,794 crore, which has already been approved by banks.
Rs 25,000 crore has been disbursed from the Additional Emergency Working Capital Funding for farmers through NABARD.
So far, Phase I and Phase II have covered 169.77 lakh KCCs with a limit of about Rs 1.54 lakh crore.
There is Rs 1500 crore in interest subvention for MUDRA-Shishu Loans.
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