RBI Governor Shaktikanta Das Announced Relief to Small Business in Credit Policy(key Highlights )

RBI Governor Announced Relief to small scale Business By Announcing Package In Credit Policy and Maintained Low Intrest & Repo Rate

RBI Governor Shaktikanta has announced the credit policy via live conference on 4th June The Policy was About to the Announcement of Relief for Small Business Which was Effected due to Covid and announced few loan packages which are beneficial for both banking as well as Business to fight Inflation here below we have noted some highlights from the live conference regarding credit policy read instant points from conference

No change in repo rate the current repo rate is 4%

Policy package for Vaccinations

Small scale business like Hotel, Restaurant, Private bus, Rental, Spa, and other small sectors will be given special package relief

Liquidity Management will Remain to work

50cr loan Restructuring approved

Positive News For Banking SECTOR

MSME 1600 CR lIQUIDITY

Restructuring Limit Raised From 25cr to 50cr

Increase In GSAP

Rbi Governor said This policy will help Effectively and assured that they are continuously in a state of Providing relief to these small scale business

Also Indicated that there will be a low rate of interest for a longer time for relief from Loan as a business affected due to covid