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    <title>Financial assistance towards MSMEs</title>
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    <description>Government initiatives supply targeted financial assistance to MSMEs through subordinate debt, collateral-free automatic loans under an emergency credit guarantee scheme, equity infusion via an MSME Fund of Funds, a special refinancing facility for on-lending by a development finance institution, credit guarantee schemes for microfinance lending, and special liquidity and partial credit guarantee schemes for NBFCs, HFCs and MFIs. Complementary taxation reliefs include extensions of compliance timelines, corporate tax refunds, deferred eligibility dates for deductions and concessional interest for delayed tax payments.</description>
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