Mitigating the Effect of COVID-19 on MSMEs and Business Loans: Lawyers Advice
Medium, Small and Micro Enterprises (MSMEs) have contributed immensely to our economy and with investment at low levels, it has been giving the highest employment in the country giving a wide range of services and products.Due to the lockdown, the MSMEs are one of the worst hit because of the sudden pause on all operations, thereby creating a state of alarm. Regulations regarding Secured Lending in India: -Secured lending is regulated in India. A number of institutions are authorized to participate in lending activities. These include: • scheduled and non-scheduled commercial banks; • non-banking finance...
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