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Rajnath Singh to head committee for implementation of MSME loan scheme

Updated: Jun 02, 2020 05:19:20am
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Rajnath Singh to head committee for implementation of MSME loan scheme

New Delhi, June 2 (KNN) Defence Minister Rajnath Singh will be heading a committee appointed by Prime Minister Narendra Modi to resolve any problem in the implementation of the Rs 3 lakh crore collateral-free loan scheme for MSMEs.

This was said by MSME Minister Nitin Gadkari on Sunday.

In an online interaction with the members of the Pune-based Mahratta Chambers of Commerce, Industries and Agriculture (MCCIA), Gadkari asked the MSMEs to email him directly in case of problems faced by them in securing credit under the scheme.

The collateral-free loans scheme for MSMEs was announced earlier this month by Union Finance Minister Nirmala Sitharaman as part of the overall Rs 20 lakh crore Covid-19 relief package to uplift the economy.

Gadkari also said that for MSMEs to foray into the solar park sector, being a good idea would be viable if state governments reduce transmission charges.

He urged small businesses to reach out to Maharashtra’s Chief Minister Uddhav Thackeray for a cut in the transmission charges.

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