1 Lakh MSMEs to benefit from Central Bank of India’s new emergency credit scheme. ‘Cent Covid-19 Sahayata’ scheme targets MSMEs suffering from stressed liquidity and operational charges. MSME borrowal accounts can raise the credit up to 10% of existing fund-based working capital limits. The emergency credit has to be repaid in 18 EMIs with a 6-month moratorium period. Valid till June 30, 2020, agri-enterprises and corporates are also eligible for the scheme.
