Wednesday, January 2, 2019

RBI comes to the rescue of MSMEs

Image result for msme

 Reserve Bank has allowed a one-time restructuring of existing debt up to Rs 25 crore for the companies in the MSME segment, which have defaulted on payment but the loans given to them have continued to be classified as standard assets.

The decision will help the micro, small and medium enterprises (MSMEs) which are facing cash crunch in the wake of demonetization and GST implementation.

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