Discover and read the best of Twitter Threads about #modiwithmsme
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Decision 01: Just '59 minute' loan portals for MSME. Loan approvals for up to 1 crore for the MSME sector. Already more than 72,000 MSMEs loan requests approved. This can be checked through LIVE counters. #ModiWithMSME
Decision 02: Interest rate for every GST registered MSME will be 2% lower than market rates. This is for fresh loans up to 1 crores and for incremental loans for up to same value. Additionally, exporters will get 3% to 5% subvention on their loans. #ModiWithMSME
Decision 03: All companies with turnover more than 500 Cr will now be compulsorily on-boarded on TReDS. MSMEs supply to big companies but if their payments get stuck then they can upload their bills on this platform and banks will help generate cash flow for MSMEs. #ModiWithMSME
