'Trader happy' budget in the works: Report

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'Trader happy' budget in the works: Report

Feb 01, 2019 08:49 IST

A Reuters report indicates Prime Minister Modi could be considering offering cheap loans and free accidental insurance coverage to millions of small businesses. While there’s no clarity on what these measures would cost the government, indications are the government is working on offering an additional discount of 2% on loans for small businesses - the cost of which would be compensated to the banks. The government may also ask banks to open a special window for increasing credit flow to small businesses, a pension programme for retired traders and a further discount on interest rates paid on loans to women traders.

National