Budget 2021-2022: Bad Bank for large corporates and a new framework for MSMEs

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Budget 2021-2022: Bad Bank for large corporates and a new framework for MSMEs
By Devendra Mehta, ET CONTRIBUTORS
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Synopsis

A special framework for MSME has been on cards for some time. According to the Economic Survey there are 6 crore MSMEs employing 11 crore people contributing 30% to the GDP.

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The idea was first proposed by Arvind Subramanian and economists across the political spectrum are now amenable to the thought.

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