Released by the Finance Ministry, the communication sought to highlight the key achievements, measures taken and the proactive nature of the government led by Prime Minister Narendra Modi. The MSME sector which has been hit hard by demonetisation and by the haphazard implementation of GST, is a crucial vote bank and with 2019 general elections around the corner, the government wants to get the right message across.
Access to Credit
The biggest achievement for the government here was the launch of the 59-minute loan portal to enable easy access to credit for MSMEs. During the launch Modi said loans upto Rs 1 crore can now be granted in-principle approval through a dedicated portal launched for this purpose.