A for Benefit Businesses Across The Country

Rohit Poddar, Managing Director, Poddar Housing and Development Ltd. and Joint Secretary, NAREDCO Maharashtra   “The announcement of the overall 20 Lakh Cr package is much-awaited news which will stimulate progression sectors across the country. With an aim to encourage MSME’s to get them listed on main board of stock exchange; 50,000CR equity is infused which will help them in tackling the shortage of funds. The supply of Special Liquidity Scheme for NBFCs/HFC/MFIs along with Rs 45,000 crore Partial Credit Guarantee Scheme 2.0 for NBFCs will provide liquidity support and create confidence in the market. Extensions of 6 months for real estate projects will de-stress real estate developers and ensure completion of projects so that homebuyers are able to get delivery of their booked houses with new timelines. Overall, this announcement will benefit the businesses across the country to uplift the growth of their business and ensuring immediate liquidity required for staring economic engines, post lockdown.”