Covid Emergency Credit Facility for all firms, not just MSMEs: Sitharaman

TIL Desk/Business/New Delhi/ Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said that the Covid Emergency Credit Facility announced as part of the Aatma Nirbhar Bharat Package covers all companies and not just MSMEs.

The clarification assumes importance as the Covid-19 pandemic has impacted all businesses and everyone is looking at special liquidity window from the government to stay afloat in these difficult times.

Addressing the FICCI National Executive Committee members, Sitharaman assured the industry of all possible government support with the intent of supporting Indian business and reviving the economy.

“We are committed to support/intervene if any of your members have a problem,” she said. On the question of liquidity, the Finance Minister said: “We have fairly clearly addressed the issue of liquidity. There is definitely the availability of the liquidity. We will look into it if there are still issues.”