‘Rs 350 cr allocated for GST-registered MSMEs on loans’: FM
Updated on Feb 24, 2020 11:33 am IST
Finance minister Nirmala Sitharaman presented the Union Budget 2019. In her maiden speech she said, “Rs 350 cr allocated for 2% interest subvention for all GST-registered MSMEs on fresh or incremental loans.” She also said that the government will create a payment platform for MSMEs. The finance minister also announced pension benefit for traders and shopkeepers with annual turnover less than Rs 1.5 crore.
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