New Fund Established to Support MSMEs Amidst Controversial 45-Day Payment Rule

Last updated: 31 July 2024

In the Union Budget 2024-25, Finance Minister Smt. Nirmala Sitharaman has addressed the central governments controversial 45-day payment rule by announcing a new fund in collaboration with banks to support India's cash-strapped micro, small, and medium enterprises (MSMEs). This initiative aims to al
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