Nirmala Sitharaman experts pandemic economy shock Nirmala Sitharaman

FM’s announcements will help address supply side constraints feels industry

Reading now: 968
www.livemint.com

The finance minister announced ₹3 lakh crore collateral-free automatic loans for MSMEs, ₹20,000 crore subordinate debt for stressed MSMEs and ₹50,000 crore equity infusion for MSMEs through a ‘Fund of Funds’ The finance minister announced ₹3 lakh crore collateral-free automatic loans for MSMEs, ₹20,000 crore subordinate debt for stressed MSMEs and ₹50,000 crore equity infusion for MSMEs through a ‘Fund of Funds’The slew of measures announced by finance minister Nirmala Sitharaman on Wednesday aimed reviving micro, small and medium enterprises (MSMEs) — a segment worst impacted by the pandemic induced lockdown will help resolve severe supply side constraints which in turn will have a multiplier effect on the economy, experts feel.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Boris Johnson - Music industry reacts to government’s decision to scrap COVID self-isolation rules - nme.com
nme.com
40%
741
Music industry reacts to government’s decision to scrap COVID self-isolation rules
COVID.Downing Street has said that Prime Minister Boris Johnson will reveal details of his “living with COVID” plan on Monday (February 21) – outlining that factors such as vaccination, testing, and anti-viral drugs will be enough to keep people safe, rather than expecting infected people to stay at home.Self-isolation regulations for those who test positive and their close contacts are expected to cease by the end of this week.“COVID will not suddenly disappear, and we need to learn to live with this virus and continue to protect ourselves without restricting our freedoms,” said Johnson. “We’ve built up strong protections against this virus over the past two years through the vaccine rollouts, tests, new treatments and the best scientific understanding of what this virus can do.”He added: “Thanks to our successful vaccination programme and the sheer magnitude of people who have come forward to be jabbed, we are now in a position to set out our plan for living with COVID this week.”Labour’s Shadow Health Secretary told BBC‘s Sunday Morning today (February 20) this was “declaring victory before the war is over”, that ending mandatory self-isolation was “not the right thing to do” and that this was a distraction from the ongoing ‘partygate’ scandal.“At this stage the PM risks muddying the waters,” he said. “We want to see the government publish the scientific advice because at the moment this seems very premature.”“He continued: It seems like Boris Johnson is keen to declare victory before the war is over in the hope he gets some headlines about ‘victory day on COVID’ instead police officers asking questions about actions in Number 10.”Labour Shadow Health Secretary Wes Streeting tells #Raworth that dropping remaining
DMCA