According to a report of Finance ministry a amount of nearly 12000 crore by the Public Sector Banks under the 3lakh Crore Emergency Credit line guarantee scheme. This scheme is part of the 20 lakh crore self reliant India mission Package, This scheme was started as an to provide an incentive to increase access and ensure availability of fund to MSMEs a sector which has suffered the most due to the pandemic. This news is related to the topic Indian economy of GS 3. Details about the scheme can be important for prelims, whereas importance of MSME sector in India, steps needed to be taken to boost the sector can be important for mains.
Be the first to comment