InvestorQ : How is Narendra Modi’s plan to guarantee loans to small business proposed to work?
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How is Narendra Modi’s plan to guarantee loans to small business proposed to work?

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1 year ago
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While more details are awaited, the first cut is that India is considering a proposal to guarantee as much as Rs.300,000 crore ($39 billion) of loans to small businesses as part of a plan to restart Asia’s third-largest economy. The 40 day lockdown has taken its toll and it is now likely to get extended by another 15 days. Under this special proposal, small firms will be eligible to borrow an additional 20% of their credit limit. The extra debt will be fully backed and guaranteed by a special fund set up for the purpose. Details are still awaited.

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