May 28, 2020
Eligible MSMEs to get offer of pre-approved loan under relief package
Eligible MSMEs to get offer of pre-approved loan under relief package
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Eligible MSME borrowers will get an offer from their lending institutions for a pre-approved loan under the ₹3 lakh crore scheme announced for micro, small and medium enterprises to help them deal with the impact of COVID-19.
The Guaranteed Emergency Credit Line (GECL) of ₹3 lakh crore was announced as part of ₹21 lakh crore package by the government.
As per a set of FAQs, GECL is a loan…
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