Quote on FM announcement By Mr. Vinod Nair, Geojit Financial Services
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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