The Government has Announced Rs 3 lakh crores Collateral-free Automatic Loans for Businesses, including MSMEs, The Scheme Announced as follows, Businesses/MSMEs have been badly hit due to COVID19 need additional funding to meet operational liabilities built up, buy raw material and restart business • Decision: Emergency Credit Line to Businesses/MSMEs from Banks and NBFCs up to 20% of entire outstanding credit as on 29.2.2020 • Borrowers with up to Rs. 25 crore outstanding and Rs. 100 crore turnover eligible • Loans to have 4 year tenor with moratorium of 12 months on Principal repayment • Interest to be capped • 100% credit guarantee cover to Banks and NBFCs on principal and interest • Scheme can be availed till 31st Oct 2020 • No guarantee fee, no fresh collateral • 45 lakh units can resume business activity and safeguard jobs. Connect Accovet for Support to Business Loans to MSME, Best Rated For Finacials and Project Report Preparation in Trivandrum & Ernakulam. Talk with us for your queries regarding the schemes announced under Atmanirbhar Bharat Abhiyan Schems. #Rebound India. #Accovet ltd # covid 19 Assistance Packages# MSME # Loan Consultants# E. [email protected], P. 0471 2330233, M. 9567781143 (at Accovet Ltd) https://www.instagram.com/p/CAIY_FQgHWI/?igshid=6uips1vjgasl