Budget Day Input on Loans and MSME by Manoj Purohit, BDO India
Below the Budget Day Input on Loans and MSME by Manoj Purohit, BDO India
“Proposal to extend the interest cap on interest subvention scheme will enhance the base for banking sector and bring in the smaller lot of consumers. The banks will also benefit by expanding the book size of their small loans.”
“Government to increase its commitment by Rs.10,000 crore to setup New Fund of Funds (FoF) to encourage startups in AIF. The FoF for startups with commitments for over Rs 9 lakh crore will encourage the new startups to pool capital via the booming AIF sector.”
“Increase in Credit guarantee for MSME startups from Rs.10 crore to Rs.20 crore will promulgate the much need ask from the startup sector in larger chunk of capital infusion. Also, the banking sector will aid to expand their lending capacity to such startup companies.”
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