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Rs 3L crore collateral free loans for MSMEs: FM

Nirmala Sitharaman on Wednesday introduced Rs 3 lakh crore collateral-free automatic mortgage for companies, including MSMEs. This will receive advantages 45 lakh small companies, she said detailing portions of the Rs 20 lakh crore economic stimulus package. The mortgage will have Four-year tenure and a 12-month moratorium. Rs 20Okay cr subordinate debt shall be provided for wired MSMEs.

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