Secured loans have a multiplier effect

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The government guarantee will help and revive businesses that will relaunch the virtuous circle of employment, consumption and growth

The subjects
Bank loans | MSME credit | Indian economy

The Covid-19 pandemic has devastated many sectors in India, resulting in a significant loss of livelihoods. Employees lost their jobs and the self-employed were forced to close. Among other things, the government announced a Rs 3 lakh crore guarantee package for medium and small businesses (MSMEs).

The government will guarantee loans taken out by MSMEs. The government guarantee will allow the MSME sector to borrow without collateral at good rates and restart their activities. This will relaunch the virtuous circle of employment, consumption and …

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First published: Sun 13 September 2020. 19:14 IST


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