Rs 20k cr subordinate debt for MSME NPAs: This many loan accounts identified; disbursement in progress

Rs 20k cr subordinate debt for MSME NPAs: This many loan accounts identified; disbursement in progress

Credit and Finance for MSMEs: The scheme targeted to benefit 2 lakh operational MSMEs, which are stressed and have turned NPA as of April 30, 2020. Such MSMEs are eligible to secure credit equivalent to 15 per cent of their stake (equity plus debt) in the business or Rs 75 lakh whichever is lower.
Check the source here –Source, Financial Express.
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