Now, India needs to think, borrow and invest big. Really big.

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.

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