Distressed MSMEs

Ministry of MSME Launched Funding Scheme For Distressed MSME sector

As part of Atmanirbhar Bharat package, on 13th May, 2020, Finance Minister had announced this scheme of sub-ordinate Debt to the promoters of operational but stressed MSMEs.  After completion of necessary formalities including approval of CCEA and consultation with Finance Ministry, SIDBI and RBI among others, the scheme was formally launched today by MSME MInister Nitin Gadakari from Nagpur.