Govt to provide 15 per cent equity to MSMEs with good tax record: Nitin Gadkari

New Delhi, Dec 11 (KNN)  In a bid to facilitate Micro, Small and Medium Enterprises (MSME) to raise funds in capital market, the central government will provide 15 per cent of the equity to successful MSMEs and those with a good record of GST and income tax and bank turnover, said MSME Minister Nitin Gadkari.

“Presently we are all facing the problem due to COVID-19. We need liquidity investment in MSME and investment in MSME is very attractive, hence we ruled out a soft loan of Rs 3 lakh crore,” Gadkari said at an event organised by The Ministry of External Affairs (MEA) for the run-up to the Pravasi Bhartiya Divas (PBD) Convention 2021 on Monday.

"There is an immediate need for investments into the MSME sector," he said.

The minister further said that the government is taking measures to make the system transparent and bring timebound results for the investors.

"MSMEs have created 11 crore jobs in the country, the minister added.