COVID-19: Small businesses, MSMEs to get relief
The Hindu
RBI asks lenders to allow individual and small borrowers more time to repay debt, cites second wave
The Reserve Bank of India on Wednesday announced measures to protect small and medium businesses and individual borrowers from the adverse impact of the intense second wave of COVID-19 buffeting the country. In an unscheduled address, RBI Governor Shaktikanta Das unveiled a Resolution Framework 2.0 for COVID-related stressed assets of individuals, small businesses and MSMEs and also expressed the central bank’s resolve to do everything at its command to ‘save human lives and restore livelihoods through all means possible’.More Related News