01-01-1970 12:00 AM | Source: Geojit Financial Services Ltd
Quote on FM announcement By Mr. Vinod Nair, Geojit Financial Services
News By Tags | #248 #607 #252 #4943 #6776

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Below is Quote on FM announcement By Mr. Vinod Nair, Head of Research at Geojit Financial Services

"Extension of emergency credit schemes by 50% to Rs4.5lac cr with a focus on stressed sectors will be a boom for the straggling MSMEs. The subsidy financing by 2% interest rate below the RBI prescribed rate will be again for MFI, NFBCs and small borrowers, which are in dire need of falling NPAs & working capital. The extended & new Atmanirbhar program is positive for the broad economy, especially rural, healthcare & hospitality sector, though unlikely to impact the market directly which will maintain its character"

 

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