Top Economy News- Many Ideas are Being Taken to Increase the Economy

Recent Economy news update-Many ideas are being taken to increase the economy in India by the government. 

3 lack core loan guarantee possible for small businessmen. 

⇶The central government may announce the largest ever relief package to bring the economy back on track. Under this, a blueprint for giving a bank guarantee of Rs. 3 lack crore to small traders and entrepreneurs is being prepared. Under this, small traders will not have to try to guarantee the loan. 

⇶This step can also be important because more than half of the small business is on the verge of being destroyed due to the lock-down. In the recent economic updates, Under the central government's proposal, small businessmen will be given an additional loan limit of 20 percent of their credit limit. 

47% of small businessmen are not in a condition to pay salaries. 

⇶According to the present Economic News Update, 47% of start-ups and SME's have no cash left. The survey was conducted between 13970 startups and SME's in more than 90 districts.

⇶2.32 lack crores of loans given to small businessmen are the biggest risk of default. It has the highest number of people with an outstanding debt of Rs 10 lack.