Credit Guarantee Fund will help MSMEs grow: PM Modi
Updated: Feb 01, 2023 10:34:46am
Credit Guarantee Fund will help MSMEs grow: PM Modi
New Delhi, Feb 1 (KNN) Prime Minister Narendra Modi in his post budget statement said that Rs 9000 crore infused in the Credit Guarantee Fund which will allow additional collateral-free credit of Rs 2 lakh crore MSMEs will support their development.
He congratulated Union Finance Nirmala Sitharaman and her team for presenting an ‘inclusive’ budget on Wednesday.
The PM further said that the union budget has ensured ease of living by providing relief in tax rates.
He highlighted the key points of the budget stating that this year’s budget infuses new energy to India’s development trajectory.
Calling the budget for a sustainable future further encouraging green energy, green growth, green infrastructure, and green jobs, he said, “We have focused on technology and a new economy in the budget.” (KNN Bureau)