₹3 trillion guaranteed loan scheme. The loan scheme is aimed at helping small businesses tide over the crisis that led to a drastic drop in sales in April, by buying them time till cashflows pick up.
In the latest interview of Mint’s Pivot or Perish series, Manish Kothari, president and business head - corporate banking (large corporates, MNC, SME & new age companies), Kotak Mahindra Bank Ltd, discusses how the sector could pivot to these challenges and emerge stronger.
Edited excerpts:How can India’s micro, small and medium enterprises (MSME) sector pivot to convert the current crisis into an opportunity?A crisis always presents opportunities to look at things that otherwise were not visible or ignored in good times.MSMEs can work towards.