Jaipur, May 14, 2020.

“The economic inducement announced by the Honorable Finance Minister is one of the astute impetus that will act as a major morale booster for the market and strengthen the inspiration of ambitious India.

The stimulating articulation has a grand vision beyond relief and aims strongly to provide liquidity to the key sectors of Emerging India. The policymaker has laid a clear road map for the revival of the micro small and medium enterprises (MSMEs) sector in India which is passing through an unprecedented crisis.

Redefining the MSME eligibility criterion, to include more entities, and the creation of Rs 50,000 Cr Equity “Fund of Funds” will give a tremendous boost to regular/ standard MSMEs in scaling-up their operations. As far as NBFCs are concerned, a special liquidity scheme of Rs 30,000 Cr where the government will buy investment-grade debt papers of NBFCs will be very helpful for NBFCs which are providing moratorium to their borrowers but are unable to avail the same from the lenders.”