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MSMEs get collateral-free loan, but interest pain remains
The New Indian Express
|July 24, 2024
THE Union Budget may have brought some cheer to MSMES with much needed reforms to tide over fiscal stress, but the lack of any reduction in interest rates on the loans given to the small and medium enterprises poses some concerns.
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Tamil Nadu Small and Tiny Industries Association on Tuesday said the new credit guarantee scheme without collateral and third party guarantee along with continuation of bank credit during the stress period will help industries not becoming non-performing assets.
CK Mohan, president of TANSTIA said the other good aspect of the budget is the turnover threshold for mandatory onboarding of TREDS platform has been brought down from ₹400 crore to
Dit verhaal komt uit de July 24, 2024-editie van The New Indian Express.
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