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Apr 17, 2020

Union Minister Nitin Gadkari appreciates RBI for its bold and forward looking policy interventions

Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari has appreciated RBI for its bold and forward looking policy interventions.
In a series of tweet today, he said, this shall provide much required boost to the economy as RBI has addressed the issues like liquidity for banks and NBFCs. He thanked RBI for their special focus on MSME and providing fifty thousand crore rupees for refinancing of the sector through SIDBI, NABARD and NHB. He said, the extension of loan classification to 180 days for stressed assists shall address the NPA’s issue.
The Minister said, State Governments are under severe liquidity crunch and increasing of ways and means advance limit by 60 per cent shall help state governments to garner more resources.

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