competition success review Published this article page no 95 Use of Fintech is being encouraged to enhance transaction based lending using the data generated by the emarketplace. o Fintech refers to computer programs and other technology used to support or enable banking and financial services. Emarket linkage Emarket linkage for MSMEs to be promoted to act as a replacement for trade fairs and exhibitions. Interest Subvention for MUDRAShishu Loans The scheme addresses the issue of Small businesses under MUDRA which have been disrupted and whose capacity to pay their EMIs has been depleted. o The current portfolio of MUDRAShishu loans is approximately Rs 1.62 Lakh crore (Maximum loan amount of being Rs. 50000). To address this Government of India will provide Interest subvention of 2% for prompt payees of loans for a period of 12 months. GENERAL POLICY REFORMS ANNOUNCED AS PART OF THE ECONOMIC PACKAGE 12.7.1. SIGNIFICANT MEASURES ANNOUNCED Support provided to State Governments Centre has extended fiscal support to states in the form of devolution of taxes revenue deficit grants advance release of SDRF and amount released from Health Ministry for direct anti COVID19 activities competition success review buy.
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