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ARTICLE · 28 JUNE 2021

RBI Stimulus Measures To Tackle Second Covid Wave

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These announcements will bring succor to the battered sectors of the economy that are characterized by close contact for their service delivery and day-to-day operations.

IndiaFinance and Banking
Harsh Arora
Harsh Arora
Pranav Rattan
Pranav Rattan
Vaibhav Shrivastav
Vaibhav Shrivastav
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Our viewpoint

These announcements will bring succor to the battered sectors of the economy that are characterized by close contact for their service delivery and day-to-day operations. The announcements will also enable the micro finance institutions to provide financing support to their customers and help spur an economic rebound, thereby strengthening India's momentum towards normalcy. The circulars will not only ensure smooth flow of liquidity for MSMEs at reasonable costs but will also benefit the MSMEs in long run by restructuring the account without classifying it as a non-performing asset. All in all, RBI's attempts to enable the borrowers of a larger ambit to avail reliefs and resolve their impending debts with the lending institutions efficaciously are indeed laudatory.

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