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Business News | RBI Allows Collateral Free Loans of Up to Rs 20 Lakh to MSEs

Business News | RBI Allows Collateral Free Loans of Up to Rs 20 Lakh to MSEs

Get latest articles and stories on Business at LatestLY. "Banks are mandated not to accept collateral security in the case of loans up to Rs 20 lakh extended to units in the MSE sector. Banks are also advised to extend collateral-free loans up to Rs 20 lakh to all units financed under the Prime Minister Employment Generation Programme (PMEGP) administered by KVIC," RBI said in its circular.

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