Finally some relief for MSMEs

With a huge election season on the cards, amidst rampant reports of a resurgent Opposition, the government has finally come out with a package of reliefs for the MSME. In order to alleviate the liquidity crisis of the SMEs and to strengthen their cashflows, they will be granted loans upto Rs. 1 crore, through a dedicated portal, within 59 minutes. The PM in fact said that when you will file your GST returns, the web portal itself will ask whether you need

a loan. But is this relief really viable for the economy of the country? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.