Government Announces New Scheme for MSME Financing

The Indian government has unveiled a new scheme to boost financing for Micro, Small, and Medium Enterprises (MSMEs), aiming to support economic growth.

The scheme includes:

- Subsidized interest rates

- Simplified application process

- Extended repayment periods

- Collateral-free loans up to certain limits

This initiative is expected to provide significant support to the MSME sector and contribute to economic recovery.