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India's ambitious plan to help small businesses does little to save them

Updated : July 10, 2020 04:17 PM IST

Despite Modi's promise to open up the credit lines, it was not easy convincing bankers to lend because of the death throes their businesses were in.
Businesses say that the lenders are either asking for increased paperwork or the ones in desperate needs are being deemed ineligible.
The Finance Ministry, which has made the loan support scheme the centerpiece of the rescue effort, did not respond to a Reuters request for comment on the problems faced by businessmen.
India's ambitious plan to help small businesses does little to save them

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