Diwali Gift for MSME: PM Modi announces 12 policies, Rs 1 crore loan in 59 minutes

Nov 03 2018 08:37 AM
Diwali Gift for MSME: PM Modi announces 12 policies, Rs 1 crore loan in 59 minutes

New Delhi: Prime Minister Narendra Modi has launched measures with reference to MSME (Micro Small and Medium Enterprises) on Friday, in a purposeful effort this will provide more ease to the smaller businesses. PM Narendra Modi’s MSME support programme has been acclaimed by the industry bodies as the key grounds behind the MSME support programme was to guarantee trouble-free right to use to credit facilities to the underserved businesses and smaller enterprises as these very enterprises contribute in a much larger approach towards rising of Indian economy.

PM Modi had announced a loan facility for MSME industry of up to Rs 1 crore in just 59 minutes. This advantage will be offered by a special portal.

In a relief for MSME exports, an interest financial support to MSME on pre and post shipments on exports have been increased to 5 per cent from 3 per cent. The move will expected to help the exporters to benefit credit at competitive rates.

20 hubs and 100 tool rooms for technology up gradation will be incorporated and Prime Minister Narendra Modi has announced a Rs 6,000 crore booster for this plan.

In connection to the assessment of MSMEs by authorities, the inspection of MSME factories will be sanctioned through randon computerised allotment and the inspectors in-charge will be requisite to upload reports on the portal within 48 hours of examination. 

 

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