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The deadly second wave of Covid battered an already bruised economy. India now needs policy vision out of the ordinary to restore consumer confidence, businesses and livelihoods - Issue Date: Jun 14, 2021
Government will focus on doers not talkers to lift post-Covid economy
Wed, Jun 2 2021 18:12 IST |
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TN MSMEs businesses hit hard by Covid surge.. Image Source: IANS News
New Delhi, June 2: As India starts the unlock process with the daily Covid 19 cases coming down, the Centre s focus will shift on doers who can implement existing and new schemes announced under the Atmanirbhar Bharat Abhiyan package. Special attention will now be paid to the country s micro, small and medium enterprises (MSME) sector, which employ a mammoth 11 crore people. While Finance Minister Nirmala Sitharaman last year announced a Rs 3 lakh crore collateral-free automatic loans to MSMEs with the aim of easing the liquidity crunch, only Rs 2.54 lakh crore out of the total allocation has been utilised so far.
The Emergency Credit Line Guarantee Scheme is the biggest fiscal component of the Rs 20-lakh crore Self-Reliant India Mission package announced by the government last year.
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