August 4, 2020
MSME Loan Scheme includes Law professional
The Union Finance Ministry has decided to expand the scope of Micro, Small and Medium Enterprise [MSME] loan scheme due to Covid-19 to include professionals like doctors, lawyers, chartered accountant and others.
The Finance Minister, Nirmala Sitharaman had announced 3-lakh-crore scheme in part of the government moto “Athmanirbhar package” to help MSME.
The government had decided to relax the eligibility criteria for tapping the Rs 3-lakh-crore Emergency Credit Line Guarantee Scheme (ECLGS) to cover professionals and enable to receive the business breakdown.