RBI under new governor Shaktikanta Das, announced a major policy decision on the first day of the new year. The central bank has issued guidelines for restructuring loans up to Rs 25 crore for the MSMEs which have defaulted on payment. Restructuring package for these companies was one of the sore points between the RBI and the government. How significant is this move and is it enough for the sector facing a cash crunch in the wake of demonetisation and GST implementation? Mythili Bhusnurmath, Consulting Editor, ET Now helps understand the policy. ET Explains..
RBI under new governor Shaktikanta Das, announced a major policy decision on the first day of the new year. The central bank has issued guidelines for restructuring loans up to Rs 25 crore for the MSMEs which have defaulted on payment. Restructuring package for these companies was one of the sore points between the RBI and the government. How significant is this move and is it enough for the sector facing a cash crunch in the wake of demonetisation and GST implementation? Mythili Bhusnurmath, Consulting Editor, ET Now helps understand the policy. ET Explains.
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In response to the covid crisis, some lenders have increased credit score and income requirements, making it more difficult for borrowers to qualify for a loan or get a low rate. Is it a good idea to get a personal loan at such a time. Tune in to find out.
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MSME दिवस पर राज्य स्तरीय कार्यक्रम शनिवार को, प्रदेश की पहली हस्तशिल्प नीति और MSME नीति होगी जारी
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