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Rs 10,000 crore Fund of Funds scheme to help MSMEs with growth: SBI chief

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues

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SBI Chairman Rajnish Kumar said banks have announced an emergency credit line for such businesses to improve their liquidity which has been hit by the outbreak of Covid-19

Press Trust of India New Delhi

2 min read Last Updated : Aug 10 2020 | 4:25 PM IST

To provide Rs 50,000 crore equity support to stressed MSME units, a Fund of Funds announced as part of the Rs 20.97 trillion Aatmanirbhar Bharat Abhiyan package is expected to get operation soon, State Bank of India Chairman Rajnish Kumar said on Monday.

The objective of the Rs 10,000 crore Fund of Funds scheme is to help MSMEs with growth potential at a time when they are facing severe shortage of equity and low revenues.

Talking about various steps taken to help MSMEs, he said banks have announced an emergency credit line for such businesses to improve their liquidity which

Topics : MSMEs sbi State Bank of India chief Rajnish Kumar

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