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MSME outreach drive starts today: Loan approvals for Rs 1-10 mn in 59 mins

Industry leaders said the government's outreach programme is needed to boost trade and industry's confidence

MSME, Loans
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Illustration by Ajay Mohanty

Somesh Jha New Delhi
As the Union government awaits the Reserve Bank of India’s (RBI’s) decision to give forbearances to weaker banks to resume lending to micro, small and medium enterprises (MSMEs), it will launch a massive outreach programme to MSMEs starting Friday. 

Prime Minister Narendra Modi will launch the government’s “MSME support and outreach” programme in the national capital that will go on for 100 days, in the run-up to the general elections due in April-May next year. 


In the first phase, the government plans to reach out