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SBI working on scheme to help profit making SMEs facing difficulties post demonetization

The State Bank of India (SBI) is working on a scheme under which it would help the MSMEs, with turnover upto Rs 25 crore, who are now facing difficulty in surviving post demonetization and economic slowdown. SBI Managing Director Rajnish Kumar told Indian Express that it is working on the modalities of the scheme for SMEs with turnover up to Rs 25 crore. The scheme will be applicable to SMEs which were making profits and now finding it difficult to service their loan repayment or payment schedules.

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