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Business Standard

New credit guarantee scheme will help India Inc revive, expand: CEOs

Say stimulus measures will spur economic activity, especially in construction and infra sector

Topics
India Inc | Finance Ministry | Stressed loans

BS Reporters  |  Mumbai 

loans, restructuring, recast, debt, moratorium, credit, lending, banks
The finance ministry said the scheme has already helped several MSME units, business enterprises, individual loans for business purposes and MUDRA borrowers.

The Finance Ministry today announced a new credit scheme under which stressed sectors will be eligible for debt moratoriums for up to five years, which, CEOs said, will help them to revive their pandemic-hit companies and encourage them to invest in new capacities.

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First Published: Thu, November 12 2020. 18:15 IST

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