FM proposes easier credit access for MSMEs, doubles Mudra loan limit

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A slew of measures announced in the Budget will encourage banks to give term loans to small businesses without collateral and top up loans to businesses during stress.

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The finance minister announced that Small Industries Development Bank of India will open 24 branches in MSME clusters across the country this year to facilitate direct lending by it.

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Article Details

Author / Journalist: Atmadip Ray

Category: Business

Markets: India

Topics: Msmes Budget 2024 Muthoot finance Nirmala sitharaman Sidbi Mudra loans

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 15:37:13 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1277 words

Reading Time: 8 minutes read

Sentences: 29 lines

Sentence Length: 45 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21749774

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