United Kingdom's Finance Minister Rishi Sunak has unveiled a 100 per cent state-backed 'Bounce Back Loan Scheme' for the small businesses to help them tide through the coronavirus pandemic lockdown.<br />''&nbsp;<br />''The Indian-origin UK Chancellor told the House of Commons yesterday that the new fast-track finance scheme, would help bolster the existing package of support available to crisis-hit UK businesses.<br />''&nbsp;<br />''<span style="color: #222222;">Under the scheme, qualifying small businesses can apply online to borrow between 2,000 pounds and 50,000 pounds as interest-free loans for the first 12 months.</span><br />
News On AIR | April 28, 2020 12:11 PM
UK: FM unveils 100% state-backed 'Bounce Back Loan Scheme' for small businesses