The Covid-19-induced lockdown has seen many industries struggle with their finances and worry about restarting operations. To tackle this, the RBI announced Covid-19 regulatory packages and reduction in key rates on 27 March and 22 May 2020.
In addition, the finance minister came out with a number of schemes on 13 May 2020, primarily, to support MSMEs. And one of these schemes also received a cabinet nod on 20 March 2020.
However, the schemes have to be effectively utilised with a procedural approach. Thus, the webinar will shed light on the papers to be submitted and letters to be written to banks to make use of the announced schemes, among other key focus areas.
“As businessmen, it is imperative for us to know the nitty gritty involved in these schemes, so that we take a conscious decision in the right direction,” said Dhote.