Finance Minister Piyush Goyal on Friday announced a 2 per cent interest subvention for MSMEs that have taken a loan of Rs 1 crore. The government will make it mandatory to source 25 per cent from the SME sector.
Last year, the government had extended the reduced corporate tax rate of 25 per cent to companies with turnover of up to Rs 250 crore in his speech presenting Budget 2018-19 in Lok Sabha. The then FM had claimed 99% of the