MSMEs to be returned 95% of fines imposed during Covid

February 1, 2023

The budget has also paved the way for easier flow of collateral-free funds, lower cost of funds and timely payments to MSMEs besides easier norms for statutory audits. An infusion of ₹9,000 crore in the Credit Guarantee Fund will enable additional collateral-free guaranteed credit of ₹2 lakh crore while the cost of the credit would be reduced by about 1%.

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