Now, India needs to think, borrow and invest big. Really big.A major plank of the government’s pandemic support to industry has been the Rs 3 lakh crore guaranteed loans to MSMEs. As of July 15, only 22% of it has been disbursed. Unless the loan terms are modified, the rest of it will remain unlent. The condition restricting eligibility for guaranteed credit to 20% of the loan outstanding as of end-February must be dropped.
Saturday, July 24, 2021