Major boost! RBI mulling loan restructuring scheme for MSME sector – What micro, small and medium enterprises need to know
The move will help the ailing MSMEs who failed to repay the bank loans on time. It would also help the apex bank to address their rising bad loan problem because MSMEs comprise 214 per cent of the public sector bank NPA.
Speaking on the matter Shaktikanta Das, Governor, Reserve Bank of India told PTI, "Met MSME associations to gauge the current state of MSMEs, implementation of loan restructuring scheme." PTI