Extend loan restructuring scheme to MSMEs not yet registered under GST: Industry
The Reserve Bank of India (RBI) Tuesday allowed a one-time restructuring of the existing debt of up to Rs 25 crore for the companies that have defaulted on payments but their loans have continued to be classified as standard assets.
The restructuring of loans will help micro, small and medium enterprises (MSMEs), which are facing cash crunch in the wake of demonetisation and the GST implementation. Reuters