About 4.5 million small businesses are likely to benefit from the ₹3 lakh crore collateral-free automatic loans India Inc on Wednesday heaved a sigh of relief as the Finance Minister announced 16 relief measures totalling a fiscal stimulus of ₹9.5 trillion.
The measures spanning across relief for micro, small and medium enterprises (MSMEs), tax relief for individuals and corporates will not just address the supply chain constraints but also boast demand, said India Inc.
Pawan Goenka, MD, Mahindra & Mahindra Ltd said that the measures announced today by the FM will certainly provide a big boost to the MSMEs. “These measures should go a long way in strengthening MSMEs beyond Covid-19.