Global Economy

Rs 50K cr priority lending for COVID fight, one-time loan restructuring: RBI Guv Das' key announcements


In an unscheduled address today, RBI Governor Shaktikanta Das laid out the contours of Part 1 of calibrated measures by the RBI to counter the pandemic. To help all stakeholders in the Covid fight, Das announced an on-tap liquidity facility of Rs 50,000 crore to ease access to healthcare services. Individuals and MSMEs borrowers can avail one-time restructuring till September 30, 2021. This covers those having exposure up to Rs 25 crore, and those that were standard as of March 31 this year.



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