NIFTY 50

Banks in Tamil Nadu struggle to disburse collateral-free MSME loans; here's a ground report

Updated : December 08, 2020 09:32:21 IST

While Centre's decision to extend collateral-free MSME loans to 26 stressed sectors has received praise, banks are struggling to quickly and efficiently disburse these loans at the individual branch level.

Tamil Nadu government is stepping up to further ease the burden on MSMEs. It has decided to waive stamp duty that is applied to sanctioning of these loans, reports CNBC-TV18's Jude Sannith.

Watch video for more.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you