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Canara Bank to MSMEs, Get GECL Loans in 5 Days – Canara Bank has directed its branch offices to process and disburse additional working capital loans or term loans to help MSMEs and other borrowers overcome coronavirus impact under Guaranteed Emergency Credit Line (GECL) in 5 days. Bank has issued a circular in this regard […]
Collateral free loans under Government Rs 20 lakh crore stimulus package – If you believe on the analysis of Bank of America (BofA Securities), Government-owned banks’ non-performing assets (NPA) could go up by 2-4 percent of the credit in the present COVID pandemic scenario. The real onus of rolling out this 20 lakh crore economic […]
MSMEs New definition by Government – The government of India has changed the much awaiting classification of the existing MSMEs with new one. The new definition of MSME is given by the finance minister where, the government has decided to remove the difference between the definition of manufacturing-based MSMEs and service-based MSMEs. Addition to Investment […]
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