With pandemic causing social-distancing orders that hit American small businesses hard, the USA Policy Makers planned to infuse remedy of $2 trillion stimulus where under :-
Such hit businesses will receive loans up to $10 million, based on how much the company paid its employees between Jan. 1 and Feb. 29 bearing interest cost up to 4%.
If the business uses the loan funds for the approved purposes and maintains the average size of its full-time workforce based on when it received the loan, there will be no liability to pay back such principal amount lent and only the interest accrued will be recovered thereon.
Such $350 billion forgivable loan program is designed to benefit small businesses and it’s employees.
The credit line is specifically earmarked to use it for payroll, rent, mortgage interest, and utility payments,”
Also a portion of the $425 billion in funds appropriated for the Federal Reserve’s credit facilities that will help small businesses in the USA.
Dow Jones Industrial Average DJIA ended +2.39% up nearly 500 points as of 25/03/2020.
Quickly following The Indian Finance Minister Mrs. Nirmala Sitharaman today announced Rs 1.70 lakh crore relief under Prime Minister Gareeb Kalyan Scheme.
Leading the Rally as of now among the NSE indexes was the NIFTY Bank Index that ended close to 6% up at the day close wherein major Contributions were made by the NIFTY Private Bank.
From Here onwards the Recovery however it will pick up pace only in the later FY 2020-2021, it is clearly those Times where you trade money for Time and not time for your money.
" GO LONG ON THE MARKET BEFORE MARKET GOES LONG ON YOU ".