How Does Extending Loans Help Debt Burdened Citizens?

by Rahul Gautam May 14, 2020 • 06:33 PM Views 687

FM Nirmala Sitharaman announced collateral-free loans of Rs 3 lakh crore to bring the country’s MSMEs back on track. But loans which will have to be returned along with interest. So does extending loans help the MSMEs, especially at a time when on an average every Indian is already under a debt of Rs 73,000?