The RBI on Thursday gave a reason to cheer stressed MSMEs by extending the provision of restructuring of loans.
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The RBI on Thursday gave a reason to cheer stressed MSMEs by extending the provision of restructuring of loans.
In a bid to provide subordinate debt to stressed Micro, Small and Medium Enterprises (MSMEs), the government is finalising the guidelines of the Rs 20,000 crore subordinate debt scheme, a government official said.
In his address to the nation, Prime Minister Narendra Modi had called for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement.
Union Finance Minister Nirmala Sitharaman has said that stressed Micro, Small and Medium Enterprises (MSME) can be restructured without being declared as NPAs.