Advocates, Doctors, CAs Now Covered Under MSME Loan Scheme

first_imgNews UpdatesAdvocates, Doctors, CAs Now Covered Under MSME Loan Scheme LIVELAW NEWS NETWORK2 Aug 2020 11:30 PMShare This – xThe Union Finance Ministry has expanded the scope of the MSME loan scheme announced in the wake of COVID-19 to include professionals like doctors, lawyers, chartered accountants and others, reported the Financial Express.The 3-lakh crore scheme was announced by Finance Minister, Nirmala Sitharaman, in May as part of Government’s ‘Athmanirbhar package’ to help the Micro, Small and…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Union Finance Ministry has expanded the scope of the MSME loan scheme announced in the wake of COVID-19 to include professionals like doctors, lawyers, chartered accountants and others, reported the Financial Express.The 3-lakh crore scheme was announced by Finance Minister, Nirmala Sitharaman, in May as part of Government’s ‘Athmanirbhar package’ to help the Micro, Small and Medium Enterprises.”The government has decided to relax the eligibility criteria for tapping the Rs 3-lakh-crore Emergency Credit Line Guarantee Scheme (ECLGS) to cover professionals and enable a much wider pool of businesses to benefit from it”, the Financial Express said, quoting Nirmala Sitharaman.Financial services secretary Debashish Panda said individuals such as doctors, chartered accountants, lawyers, etc, who wish to take loans for professional purposes, will also be covered under the scheme.Last week, the Delhi High Court had dismissed a PIL seeking the inclusion of advocates under MSME scheme.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img

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