Emergency Credit Line Guarantee Scheme: No risk weight! What RBI wants lenders to do for MSMEs
In a major development, the RBI has said that lending institutions should assign zero per cent risk weight on the credit facilities extended under the Emergency Credit Line Guarantee Scheme to MSME borrowers announced by the government in the wake of COVID-19 pandemic
Lending institutions include, banks, eligible NBFCs and HFCs, and All India Financial Institutions (SIDBI, NHB, NABARD, EXIM Bank). Reuters photo