Explained: Who can opt for loan repayment relief under RBI’s ‘Resolution Framework 2.0'

One key announcement made by RBI Governor Shaktikanta Das was regarding the Resolution Framework 2.0 for individual borrowers, small businesses and MSMEs. Find out if you are eligible to opt for it.

The Reserve Bank of India (RBI) on Wednesday announced several relief measures to help citizens, small businesses, healthcare providers and vaccine makers to tackle the second wave of the pandemic. One key announcement made by RBI Governor Shaktikanta Das was regarding the Resolution Framework 2.0 for individual borrowers, small businesses and MSMEs. The RBI has released a detailed press release to explain the framework under which loan restructuring can be availed by individuals or small businesses struggling to repay loans.