Gadkari said measures such as setting up a Fund of Funds with a corpus of ₹10,000 crore will provide equity funding support and will support MSMEs NEW DELHI : Thousands of small businesses will benefit from the measures announced by the finance minister and support the industry battling covid-19 crisis, micro, small and medium enterprises (MSME) minister Nitin Gadkari said. “Foundation has been laid for a new MSME sector at the core of our future self-reliant economy.
Directing huge capital inflows into MSME is the first step," Gadkari said in a tweet. Finance minister Nirmala Sitharaman on Wednesday announced a series of measures to rescue small businesses, including credit guaranteed loans that is expected to help about 4.5 million units