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Deutsche Bank India

Deutsche Bank extends INR 12bn lifeline to Indian MSMEs

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The FINANCIAL — Deutsche Bank is supporting India’s micro, small and medium enterprises (MSME) through the pandemic by extending over 12 billion Indian rupees (~138 million euros) of credit to more than 2,000 clients. The loans are part of the Government of India’s Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs, launched in May 2020, and are provided in the form of a working capital term loan, backed by a 100 percent sovereign credit guarantee from the government. Clients benefit from a 12-month moratorium on the principal amount (repaying interest only) and start paying back the loan in equated installments…

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Deutsche Bank extends INR 12bn lifeline to Indian MSMEs

1 min read

The FINANCIAL — Deutsche Bank is supporting India’s micro, small and medium enterprises (MSME) through the pandemic by extending over 12 billion Indian rupees (~138 million euros) of credit to more than 2,000 clients. The loans are part of the Government of India’s Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs, launched in May 2020,…