Finance minister offers small businesses credit guarantees, equity support and a better chance to win govt contracts as part of a ₹20 tn rescue package Finance minister Nirmala Sitharaman on Wednesday offered struggling small businesses, the country’s dominant job creator, a rescue package that includes credit guarantees, equity support and a better chance to win government contracts as part of the ₹20 trillion package to revive the economy.
Sitharaman sought to tackle the problems faced by micro, small and medium enterprises (MSMEs), which have been battered by loss of business, flight of workers and a severe liquidity crunch, with a package that addresses their problems.