Sunday, July 25

Retail

What are the government supports available for the Retailers?
Retail

What are the government supports available for the Retailers?

1. EmergencyCreditLineGuaranteeScheme Under the scheme, MSMEs borrowers with up to Rs 25 crores of total borrowing can avail further 20% of the loan outstanding from NBFCs, banks, and other financial institutions (FI). This incremental lending by financial institutions and banks of upto Rs 3 lakh crore in total will be 100% guaranteed by the Government of India(GOI). Borrowers will have a one-year moratorium period for the repayment, and the interest rate charged is capped at 9.25 percent at the lower end and 14 percent at the upper end in the case of NBFCs. The scheme also aims to help stressed borrowers who are not in default during COVID. 2.CreditGuaranteeFundSchemeforMicroandSmallEnterprises The scheme is launched to make available collateral-free credit to both the exi...