APN News

  • Sunday, September, 2021| Today's Market | Current Time: 03:10:20
  • “The opening of a special liquidity window of INR 15,000 crore till March 31, 2022, will act like a lifeline for affected hospitality and tourism sectors. It is appreciative of RBI to address the pandemic effects on multiple micro and small businesses like salons, car repair and rental services, who saw miniscule business. The measures announced would certainly assist in their revival process. Towards supporting the larger MSME ecosystem, RBI has decided to extend a special liquidity facility of ₹16,000 crore to SIDBI for on-lending/ refinancing through novel models and structures. The impact will be visible in ensuring sustained credit flow in the real economy. Further expanding the Resolution framework 2.0 from Rs. 25 crore to Rs. 50 crore will extend the credit coverage to a higher number of individuals and businesses . Considering the significant contribution of MSMEs to GDP, the relief measures will catalyze MSME recovery and further stimulate financial stability in the economy.”

    -By Mr. Shachindra Nath, Executive Chairman and Managing Director, U GRO Capital